Pages

Thursday, February 2, 2017

How India’s tax system became pro-poor?

When income and consumption is taxed more than production and sales, a tax system gets more progressive because the rich earn and consume more than the poor and therefore pay a higher tax. 

For a long time in India, bulk of tax revenues came from production and sales (excise, customs and VAT), but that has changed. Income and service tax now bring a higher share and are growing much faster than other taxes.










No comments:

Post a Comment