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2 years ago

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Budget 2022: Replacing Income Tax with Expenditure Tax is the Blockbuster Reform India Needs

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Budget 2022: Replacing Income Tax with Expenditure Tax is the Blockbuster Reform India Needs

India must explore the option of replacing income tax with expenditure tax. The shift from the income base to expenditure base will not only mitigate the harmful effect and inequities of a non-comprehensive income tax but will also reduce extravagant consumption and promote savings to a significantly larger extent than the present system promises.

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motivation inspiration expenditure tax india income expenditure income tax blockbuster reform economy finance tax governance

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Budget 2022: Replacing Income Tax with Expenditure Tax is the Blockbuster Reform India Needs

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Budget 2022: Replacing Income Tax with Expenditure Tax is the Blockbuster Reform India Needs

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