Angel tax abolished for all classes of investors!
Investments greater than FMV are taxed at a rate of 30%.
- Projected Indian loss if a ban passes: 400 companies, 2 lakh jobs, ₹20,000 crore GST revenue. ^e1
- Colorado’s cannabis tax revenue since legalization exceeds $2 billion. ^e2
- The US poker/gambling market is now a multi‑billion‑dollar industry after regulation. ^e3
- Banning money‑based online gaming would push activity underground and increase consumer risk. ^e4