25 results found

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.

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?

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.

Book Launch at the World Bank : The New Wealth of Nations

In this thought-provoking book, Surjit Bhalla contends that education is the new wealth of nations. Through a series of compelling arguments, anecdotes, studies, calculations, tables, and charts, this book offers insights into the definitions of the poor, the middle class,...

The New Wealth of Nations by LSE India Observatory

At this event, Surjit Bhalla will be discussing from his recent book The New Wealth of Nations. He argues that today, over 70 per cent of the world’s middle class reside in the erstwhile poor countries; world income inequality is...

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?!

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.

Piketty has got it wrong

The implied savings estimates for India, derived from his calculations of income distribution, do not conform to any known model of savings behaviour