Heaven Sent: The Abolition of Angel Tax
Update: 2024-07-30
Description
In this episode, we dive deep into the Finance Minister of India's groundbreaking announcement during her recent budget speech: the abolishment of Angel Tax. We explore what Angel Tax is, and the significant challenges it posed to investors and startups. The episode unpacks the criticisms surrounding this tax, highlighting how it stifled innovation and growth in the startup ecosystem. We then explore the far reaching impacts of this policy change, and how in our opinion this move may provide impetus to rejuvenate the startup ecosystem by encouraging greater investment, fostering innovation, and aligning with global best practices.”
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