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Angel Tax, the demon that haunts startups

The Morning Brief

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Is There a Conflict Between Femur and Income Tax?

Under femur, an entity cannot offer shares to a foreign investor below a fair market value. Whereas under the Income Tax Act now, any investment about the fair market value is taxed as angel tax. So for investors and startups, this would mean finding that exact right fair marketvalue. Here's what my opponent has to say.

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