A smarter way to tax

Last year, the tax department refunded a record sum as excess revenue collected while this year those refunds have juddered to a halt. Net tax collection, for instance, is far higher than gross receipts, as per finance ministry data. But to make up for these shortages, an inefficient tax administration plans fresh levies that stretch its limited capacity even further. Without reforms in this cycle, the rich cannot be fully tapped, nor can the tax department make do with smaller, more neutral taxes, that seek to make business pay willingly.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus