Incorporate Startups In India, Don’t Move To Tax Havens: Piyush Goyal

SUMMARY

Just for a few dollars more, please do not leave the nations' borders to tax havens and other countries: Goyal

The government is ready to address the issues and problems faced by the startup ecosystem: Goyal

Instances of malpractices have to be curbed at an early stage or it would have damaging effects on the startup ecosystem: Goyal

Union Minister Piyush Goyal on Thursday (April 28) urged Indian founders to incorporate and list their startups in India, and not move to tax havens.

Speaking at the Confederation of Indian Industries’ (CII’s) Global Unicorn Summit 2022, Goyal said, “A little tougher ask probably. But I would once again urge all of you to incorporate in India and list in India. If you have an issue or problem, please tell us about it. We will…make every effort to resolve them.”