11 results found

Budget 2018/19: Revolutions and Regression

With the government swimming in tax revenues, it makes little economic, or revenue, sense to reintroduce the long term capital gains tax after a hiatus of 14 years. Why?!

The Little Revenue LTCG tax

The best tax policy for the taxman is one that maximizes tax revenue, and not one that maximizes his morality, or his employment, or his discretionary powers.

Smart Policies for Redistribution

India can, and must, reform its welfare system for a transforming India – more efficient redistribution is desirable for both ethical, and political, reasons.

Tax-fruits of demonetisation

A direct outcome of demonetisation is a sharp increase in 2017-18 in tax buoyancy (revenues per unit of growth). Given this ‘unexpected’ result, will the knee-jerk critics of demonetisation please stand down?

Making RBI accountable

The first year of operation of the Monetary Policy Committee has imposed considerable costs on the economy with very few benefits. What explains its decisions?

Demonetisation and its contents

It was about both politics and economics. It is an acknowledged political success and early ‘returns’ indicate an economic success story as well.

Not business as usual

Budget 2017-18 is probably the most brilliant economic and political document since the path-breaking budget of 1991

Taxation — beware of the enemy within

A meaningful reduction in effective corporate tax rates to around 20 per cent is the correct follow-through to the logic, and pain, of demonetisation.

Taxing your way to popularity

The finance minister can cut everyone’s tax burden, even pay the poor, and be revenue neutral by cutting sops

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.