When courts give tax breaks
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/ Morning Dispatch
startups have asked to be exempted from the so-called ‘
angel tax’. Now, a ruling by the Delhi High Court could protect all startups from this 30% tax, provided they stick to tried-and-tested ways of calculating their valuations.
Elsewhere in today’s letter:
�� Incoming: Social media tax
Delhi High Court gives startups a (tax) break
It’s no secret that, for a variety of reasons, many startups are overvalued. But the Delhi High Court has refused to tar them all with the same brush.