Towards an Income Tax Revolution
The economy provides scope and demonetisation, the rationale for a flat income tax rate and a negative income tax for the poor and the needy.
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The economy provides scope and demonetisation, the rationale for a flat income tax rate and a negative income tax for the poor and the needy.
A political and economic masterstroke would be for the Union budget to contain a basic income scheme for the bottom 50 percent — the poor and lower middle class
Make no mistake — demonetisation is an important first step in what will be remembered as India’s biggest reform.