[arihant]

Sounds like a manifesto to stop trend of incorporating in Singapore. Almost all of India's unicorns are Singapore incorporated. I'd say the capital gains scheme proposed by India is more sustainable than what Singapore offers to overseas companies. Basically, if you exit and become and angel investor, you pay no capital gains tax. I sincerely hope this will boost number of investors in coming decade as the ecosystem matures with exits.

This sounds simple, but the repercussions in 10-15 year window are very profound.