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India needs new taxes on finfluencers, and more IT notices
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finfluencers. Although the regulator has come up with clever ideas on how to tackle finfluencers, I think the finance minister could also play a huge role.
Here’s my billion-dollar idea—impose a notional capital gain tax on all claims made by unregistered finfluencers! I bet this will singlehandedly put this menace to an end. So this is my wishlist.
And I am all set to send it to the finance minister. If you have suggestions, drop in a line at contramoneyindia@gmail.com.
Rahul Goel is the former CEO of Equitymaster. You can tweet him @rahulgoel477. You should always consult your personal investment advisor/wealth manager before making any decisions.
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