No angel tax + no red tape
Angel tax and high handedness of government is hurting new businesses.
Angel tax and high handedness of government is hurting new businesses.
Brief:
Rahul Gandhi has promised that if Congress comes to power he will revive Medium Small Micro Enterprises (MSMEs).
He also promised that the new government will not bother startups with taxes and red tape.
Plan for entrepreneurs:
ZERO permissions for the first 3 years of any new business.
Goodbye Angel Tax
Solid incentives & tax credits based on how many jobs you create.
Easy Bank Credit
Why does it matter?
Year on year private investments aren’t taking place.
It’s lowest in the past fourteen years.
Unless the government does not work towards reviving it, there will be no new jobs in the future.
The big picture:
No matter who forms the government, unless private investments grow, the economy will suffer.
Unlike Bengaluru Delhi-NCR does not only survive on the venture capital. It is more important that reforms take place earlier.