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Angel Tax, the demon that haunts startups

The Morning Brief

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What Does All This Mean for Startups?

Akhilesh Ranjan says the government is willing to make modifications in declaration. The idea of the declaration is that money should be for startups own use, he adds. All rounds so far will end up going to fresh sound of negotiations amongst everyone trying to walk a tightrope between FEMA and nothing less than FEMA value - Akhilesh said.

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