There are some episodes that make you sit back and go—wait, did that really just happen?
This one does exactly that. In this explosive and sensational business podcast, host Anuradha sits down with CA Pulkit Gupta, founder of E-Startup, to pull back the curtain on a topic every Indian entrepreneur secretly worries about — the Indian tax system, money leaving the country, and how billionaires manage to legally (sometimes not-so-legally) escape the net. If you’ve ever wondered why some of the richest Indians suddenly relocate to Dubai or Singapore, or what exactly an offshore company means, this finance podcast episode is going to hit hard.
The Myth of the Lone Villain: Who’s Really Responsible?
Pulkit starts by addressing the elephant in the room — why do business owners like Vijay Mallya get blamed for everything, while the system itself stays untouched?
He explains that frauds and financial collapses aren’t a one-man show. Behind every headline, there are layers of bankers, auditors, bureaucrats, and yes, chartered accountants — all part of the machine. The Indian tax system and its accountability web are, in his words, “a maze where everyone points fingers but no one fixes the door.”
This part of the business podcast hits home — it’s not about defending wrongdoers, it’s about asking the tougher question: why do we never talk about the people who approved the loans, or signed the audits?
When the Rich Say Goodbye to India
One of the most striking moments in the finance podcast is when Pulkit lays bare the math.
“Personal income tax goes up to 42% in India. Add GST on essentials, corporate tax on profits, and suddenly you realize why so many millionaires are taking one-way flights to Dubai.”
And that’s where the golden visa conversation begins.
Countries like UAE, Singapore, and Portugal have realized something India hasn’t — that wealth attracts wealth.
By offering golden visas and zero-tax environments, they’re luring not just money, but also innovation and influence.
Pulkit calls it “a silent migration of ambition.” And honestly, it’s hard to disagree.
This section of the business podcast doesn’t feel like theory — it feels like reality unfolding.
The Offshore Game: Smart or Shady?
Let’s be honest — most people hear “offshore company” and instantly think of secret islands, shady bank accounts, and rich people hiding money.
But in this episode, Pulkit explains that offshore financial strategies aren’t automatically illegal.
He breaks it down in simple terms:
When an Indian founder sets up a company in Singapore or Cayman Islands, it’s usually to optimize tax on global income. Instead of paying India’s heavy slabs, they pay 0–5% in those jurisdictions — all perfectly legal if structured correctly.
The Indian tax system, Pulkit argues, almost forces this behaviour. It’s too complex, too layered, too punishing for compliance-driven businesses.
So while some might call it avoidance, others would simply call it survival.
That’s the nuance most miss — and that’s exactly what this finance podcast does best: simplify what others dramatize.
The GST Chaos & Why Popcorn Matters
At one point, the discussion turns to GST, and it’s oddly hilarious — if it weren’t so real.
Did you know popcorn can have two different GST rates depending on where you eat it?
Eat it in a cinema hall — one tax. Eat it in a restaurant — another. Buy a packet — a third.
Pulkit laughs as he says, “This isn’t a tax system, it’s a guessing game.”
But behind the humour lies a bigger issue: a business ecosystem that punishes rather than empowers.
If the Indian tax system was more predictable, fewer businesses would look abroad for stability.
And that’s what this business podcast captures beautifully — the frustration of doing business in a country that keeps changing the rulebook mid-game.
Golden Visas, Crypto & The Road Ahead
As the episode moves toward its finale, the tone gets serious again.
Pulkit talks about crypto traders — how India’s 30% flat tax without loss adjustment is practically driving them away.
“They’re not criminals,” he says, “they’re just tired of not knowing what tomorrow’s rule will be.”
That’s when he loops back to the golden visa topic — how Dubai’s free zones and residency schemes have quietly become magnets for Indian wealth.
It’s not just tax-free living; it’s stability, safety, and respect for entrepreneurs.
But Pulkit isn’t just complaining. He offers solutions too.
Simple reforms, like using Section 44AD for small business profits or allowing flexible tax structures, can help Indian entrepreneurs stay competitive without leaving home.
By the end of this finance podcast, one thing becomes clear — the Indian tax system doesn’t need more rules. It needs clarity, fairness, and empathy.
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Final Thoughts
This business podcast isn’t about loopholes or luxury — it’s about survival and system reform.
CA Pulkit Gupta doesn’t romanticize the challenges; he decodes them with numbers, logic, and honesty.
From billionaire exits to offshore financial strategies, from golden visa dreams to GST nightmares — every part of this episode feels like an unfiltered truth that business owners wish someone had told them earlier. If you’ve ever struggled with taxation, compliance, or simply wondered why doing business feels harder than it should, this one’s for you.
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No. Pulkit Gupta explains that offshore companies are legal when structured properly. They are often used to optimize tax on global income due to India’s complex and high tax environment.
This episode breaks down India’s tax system, including high personal tax rates, GST complications, offshore companies, and why wealthy Indians move to low-tax countries like Dubai or Singapore.
High personal tax rates, unpredictable regulations, GST inconsistencies, and lack of policy stability are pushing entrepreneurs to relocate to tax-friendly countries offering golden visas and clearer financial systems.
