Foreign funding in local startups is now subject to an ‘owner tax’
credit: 123RF.com Indian startups that raise capital from foreign investors such as Sequoia Capital, SoftBank, Prosus, Tiger Global, Carlyle, KKR and Blackstone will now have to pay an ‘owner tax’, a move that may not only negatively affect financing but also More startups to locate abroad. Announcing the federation’s budget on Tuesday, the finance minister … Read more