Economic Survey 2023 urges simplification of tax rules to attract startups to India

  • Economic Survey 2023 calls for simplification of tax structure to bring startups to India.
  • Simplification of tax structure would reduce multiple layers of tax and tax litigations.
  • The Survey also calls for simplifying procedures for capital flows with fewer restrictions on inflow and outflow of capital.
  • This would enable reverse flipping.