Summary: Pricing of Public Resources for sale or lease to Private Parties should be vide a proper auction process that protects the interests of the Public. Taxation should be fair, comprehensive and equitable. All Goods and Services are not the same. Some are Enablers whose consumption enable..
Summery In ancient times, the concept of Money allowed for a steady loss of value in accordance with Nature’s laws? Overtime as the Money transactions become safer or more secure and the financial systems allow for the concept of increasing value of Money due to compounding interest the financial..
Summary A Dream Budget should not only be an exercise in Accounting, it should be a Policy statement about how to bring about general prosperity for All. Populism and Protectionism should be minimum and based on rational appreciation of the long term prosperity expected therefrom. History teac..
Summary: Counterfeit Currency debases the value of the lawful currency, increases inflation and acts against economic progress. Counterfeiting Currency and circulating it is a crime and, if done in a Country by another Country, is an act of War. Demonetization of all high value currency and encou..
Summary: Wealth was always seen as representing such tangible resources as given by nature or those grown or domesticated or extracted. Obviously such wealth was limited and sharing of such wealth was always a ‘zero-sum’ game, in which if one got more, the other got proportionately less, ..
Summary: Taxation, to the extent of enabling the Government to provide essential services is inevitable, but it should not be too burdensome on the real wealth creators. To be equitable its burden must fall on ALL proportionately. The Indian Income Tax (I.T.) regime is a spider-web of compli..
Comments on Goods & Services Tax (GST) and Income Tax (IT) by Maj P. Tuhinikar Choudary (Retd) Chairman - Institute for Democratic & Economic Affairz (IDEAz) www.ideaz4india.com Summary Taxation is a necessity, it should however be fair and equitably applicable to all. Understandi..
Quotations for consideration: “If you drive a car, I’ll tax the street. If you try to sit, I’ll tax your seat. If you get too cold, I’ll tax the heat. If you take a walk, I’ll tax your feet.” – George Harrison… on the attitude of a Tax man. “Governments view of the economy..
Summary Confiscatory and ill-concerned tax regimes have motivated citizens to move their monies out of India. We need to now seek to incentivize them to get it back into India for the overall benefit of the Country. A single broad-based Goods and Services Tax regime and doing away with Income ..