“I am an entrepreneur. I work hard. I want to invest, grow, succeed, contribute, create jobs, encourage other entrepreneurs, and make an impact” says, Maheshwer Peri

NEW DELHI: In a LinkedIn post Maheshwer Peri, Founder and Chairman of Careers 360 has raised the issues being faced by startups and entrepreneurs in India. “I am an entrepreneur. I work hard. I want to invest, grow, succeed, contribute, create jobs, encourage other entrepreneurs, and make an impact. I don’t save, hoard cash, stash away money or play safe. All I need is an understanding tax regime and an allowance for failure. Allow us to take risks that traditional businesses don’t take” said, Peri.

He said that, “The biggest impediment for any entrepreneur is the way the government treats startups. We are not an Akshaya Patra. We can be that outlet that creates most jobs while catering to the aspirations of young educated youth. We are the fastest route to investing back in the economy – for growth, on innovation, on research – through spending, investment or creating another job.”

“When I see government’s squeezing startups dry through taxes and more taxes, I pity them. GST, Angel Tax, ESOP tax, capital gains, valuation reports, income tax and worst of all – openerded laws with discretionary powers to the taxman. Tax collection is like Hafta while tax refunds are a favour. In India, we make laws to plug the loophole used by a crook and impose them on every honest taxpayer. And this government, in particular, treats entrepreneurs as guilty till proved innocent” added, Peri.

Peri further said that, “Modi government’s best ally is us – to create jobs. Startups and entrepreneurs; young people frustrated with decades of governance and burning to make an impact. We could have created millions of jobs if the Ecosystem was enabled. It needed a different approach. We need a government that trusts us and uses us to fuel growth, inaction and job creation. Would they trust us or would they abuse us? As we speak, we are more abused than trusted. And I am still waiting for the change in winds after 7 years of Modi regime.”

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