Taxing the rich and other fantasies
Surjit S Bhalla : Wed Jan 23 2013, 03:01 hrs
Related
Top Stories
- UPA II report card: Govt flaunts stricter rape law, remains silent on graft
- CSK team principal: Avid golfer, fast car lover, married to cricket
- British soldier hacked to death in suspected Islamist attack
- Top Lashkar militant Hilal Molvi killed in Kashmir encounter
- Sanjay Dutt's life at Yerwada begins as prisoner number 16656
And for the glitterati arguing for a tax hike, let them note that tax compliance in the US is well above 90 per cent. When we get even halfway to the tax compliance of rich countries, we can begin to talk about sacrifices and morality and fairness in tax systems. Until then, increase tax compliance — and decrease the growth in populist expenditures which, by definition, do not accrue to the bottom half of the population.
The writer is chairman of Oxus Investments, an emerging market advisory firm and a senior advisor to Blufin, a leading financial information company
Please read our terms of use before posting comments
Ego trips
A police force of his own
A suitable CAG
The problem with porn
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).
Editors’ Pick
- Paddy shortfall blamed for mystery death of procurement officer
- 'Bookie' Vindoo was close to BCCI chief's son-in-law: cops
- Net widens, police watching three more players, new set of bookies
- British soldier hacked to death in suspected Islamist attack
- Malegaon 2006 case: NIA names four right wing terror suspects
- BJP invokes 'sarcasm, ridicule' against PM
- Nine years on, Sonia, PM put up show of unity, Singh hints at unfinished business
