Where did I say that? This is an excise duty and hence whosoever uses Petroleum contributes in payment of this taxes. This is not direct tax and Hence that 1%, 2%, 3% argument does not apply here.
ultimately the reason this discussion keeps popping up is because of the revenue deficit i.e expenses being more than revenues. gormint having to rely on other sources of revenue to cover for deficit that exists because of low tax base.
Even if they were forced by IMF, it needed to be pushed through legislature , beaurocracy and above all Rajmata . MMS being a beaurocrat was never the front man..he was selected as PVN wanted some body with credentials and who can follow the order..
That is another achievement of my Fav Tai and reason for my grouse.. these 1.5% pay double taxes.. while majority enjoys subsidies ..I know i am again sounding like a broken record..
Why should we allow this? And this is a good way to fk up the NE even more. The last thing we need is for every other ooga booga tribe to migrate to Taiwan and learn Chinese, and then start more separatist nonsense.
just curious, is it the case that you entered income tax paying bracket in last 10 years?
another aspect about India that does not get recognised, is that almost every other country taxes at a flat rate right from year one of the salaried income irrespective of how much they earn. GoI keeps the tax burden low for individuals during the initial years depending on the salary.
We should not allow our workers to go to this racist country. If you are searching for skin color, search somewhere else. This country is not for you.
But GOI charges more tax to those individuals who earns more than 15 lakh compared to corporates who tarns multiple billion dollar profit.
Ya'll Nibbiars as already said most Far Eastern countries are Xenophobic, the Korea tops at that in the world followed by the Mainland Chinese and the Taiwanese, the Japanese are less compared to them, probably due to the American Occupation from 1945 till 1951 which was a high himulation.
if corporates are taxed at higher levels, there will be less number of people who earn more than 15 lakhs, isn’t it? corporates are paying for most of the jobs that pay 15 lakhs and above in the first place.
and by the way, there are only 25 listed corporates in India that make above billion $ profit, of this 5 are public sector companies.
INR is already being stabilised. It has been hovering between 82 and 83 for almost 2 years now.
Indian corporate are simply not interested in doing anything if they did we had desi googke,Facebook,os etc etc. by now.
Nope. I started paying from 2006-07 . So almost 2 decades .
That's by design. babus know that they are giving ZERO in return via facilities to tax payers so they are forced per se.
I don't get it, Yuan went from 8 to 6 while INR went from around 40+ to 80+, if expats decrease the remittance then it will take a hit possibly. We run deficits pretty much with every country outside west and what we export aren't necessarily finished products.
