LOS MARGINADOS: The taxation policy of the Indian government has been problematic on two grounds

martes, 11 de agosto de 2020

The taxation policy of the Indian government has been problematic on two grounds

India taxation policy, fiscal deficit, COVID crisis, COVID impact on economy, indirect tax revenue, Christophe Jaffrelot writes, Utsav Shah, Indian express opinion

Centre’s reliance on indirect tax revenue, pro-rich policy, has deprived govt of resources during COVID crisis

AUGUST 11, 2020 11:56:55 AM

COVID-19 may be a blessing in disguise if it allows India to reform its tax system in order to make it work towards inclusive growth and sustainable development rather than targeting only investment-led economic growth. After all, India’s tax-GDP ratio was only 10.9 per cent in 2019, as against the OECD average of 34 per cent.