Search: For - Tax

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Tax reform in driblets keeps the party going
Sep 23, 2019

Tax reform in driblets keeps the party going

Readers will recall the short history of corporate tax reductions under Modi 1.0.

Taxing corporations in the 21st century
Nov 30, 2021

Taxing corporations in the 21st century

It is clear that the reform that began by addressing tax challenges from digitalisation is now one of taxing MNEs better

Taxing international shipping to support EU’s post-pandemic recovery
Oct 06, 2020

Taxing international shipping to support EU’s post-pandemic recovery

Why the international community must stall European Parliament’s decision to include shipping in its emissions trading system

Taxing the rich more
Jan 16, 2013

Taxing the rich more

Taxing someone who is earning in crores at a much higher rate than 30 per cent is quite justifiable in terms of equity and it is in accordance with the principle of progressive taxation.

'Green taxes'  for  cleaner  India?
Oct 06, 2016

'Green taxes' for cleaner India?

Is green tax an answer for a cleaner India? The author contemplates if taxation is an answer

70 Policies — The 93.5 Percent Marginal Rate of Taxation, 1971
Aug 07, 2018

70 Policies — The 93.5 Percent Marginal Rate of Taxation, 1971

The intellectual framework for high taxes was set by Finance Minister C.D. Deshmukh in his 27 February 1953 Union Budget speech, where he set up the T

Can a corporate tax cut alone revive growth?
Oct 04, 2019

Can a corporate tax cut alone revive growth?

Investment and demand are interlinked, thus a lack of investment creates a lack of demand as it impacts income and employment levels, which in turn im

Corporate tax rate cut will boost investment
Sep 24, 2019

Corporate tax rate cut will boost investment

With a cut in corporate taxes and a depreciated rupee, India may be able to boost its competitiveness.

Electrifying Mobility in India: The Challenge of Petroleum Tax Revenue
Oct 11, 2022

Electrifying Mobility in India: The Challenge of Petroleum Tax Revenue

Alternate options for replacing petroleum revenue have not received the same level of attention that the promotion of electric mobility has received.

Gold, diamonds & large corporations; India's biggest tax beneficiaries
Jun 28, 2013

Gold, diamonds & large corporations; India's biggest tax beneficiaries

In the current and preceding years, the government has been trying everything to limit gold imports to control the current account deficit. Yet this commodity has one of the largest share in terms of exemption given. In 2012-13, the estimated amount of custom duty foregone for diamond and gold would be Rs 61,035 crore or 20.5% of the total revenue foregone.

Green taxonomies: A tool with underutilised potential
Feb 21, 2024

Green taxonomies: A tool with underutilised potential

Countries are increasingly adopting green taxonomies to foster a sustainable finance market to attract international investors

GST will curb evasion of both, indirect and direct taxes
Jul 06, 2017

GST will curb evasion of both, indirect and direct taxes

GSTN infrastructure has the ability to track every invoice and track indirect taxes and their possible evasion. Direct taxes databases, linked with Aa

How Sri Lanka’s tax cuts crippled its economy
Aug 06, 2022

How Sri Lanka’s tax cuts crippled its economy

Will the recent tax changes alleviate the ongoing economic crisis?

India’s on verge of turning its good new tax bad
Nov 14, 2016

India’s on verge of turning its good new tax bad

The tax rate may end up being closer to eight which isn't exactly the simplicity that GST promised to bring to paying taxes in India.

Inflation tames petroleum taxes
Nov 19, 2021

Inflation tames petroleum taxes

Upward trends in crude oil prices and inflation have made a further increase in taxes on petroleum prices unlikely.

Investigating the Impact of Commodity Transaction Tax on India’s Commodity Derivatives Markets
May 11, 2021

Investigating the Impact of Commodity Transaction Tax on India’s Commodity Derivatives Markets

The Commodity Transaction Tax (CTT) was imposed on non-agricultural commodity derivatives trading in India from 1 July 2013. This paper investigates the impact of the CTT on some of the efficiency parameters of the commodity derivative markets in India. The authors analysed daily trading data from January 2006 to December 2019 of Multi Commodity Exchange (MCX) of India for five non-agricultural commodities: aluminium, copper, crude oil, gold, and

Is Commodities Transaction Tax removal in the offing?
Feb 12, 2015

Is Commodities Transaction Tax removal in the offing?

Policy reforms in the field of taxation in the commodity futures market is of critical significance as various taxes and levies are a significant component in the overall cost of transaction.

More tax share to States; Also more challenges
Apr 16, 2015

More tax share to States; Also more challenges

The Fourth Finance Commission recommended devolution comes at a critical juncture of Centre-State fiscal relations that was looking increasingly unsustainable. Yet, with it, lies a different set of challenges and the Centre is expected to play an even greater role to aid States to spend money effectively while managing newer forms of inequality that are bound to emerge out of the new direction.

More tax, IT reforms needed to make 'Make-in-India' successful
Jul 03, 2015

More tax, IT reforms needed to make 'Make-in-India' successful

PM Modi's 'Make in India' is a grand idea to reboot the ailing manufacturing sector. But the success of this programme will largely depend on creating an enabling ecosystem for manufacturing. This would require serious reforms in taxation.

Not only GST, punitive petroleum taxes need to be capped to quench voter anger
Jan 04, 2019

Not only GST, punitive petroleum taxes need to be capped to quench voter anger

A shortfall in the estimated collection of indirect taxes from lower GST accruals or from tax relief on petroleum products can upset the apple cart.

OECD’s global tax deal: Its impact on India and the way forward
Jun 24, 2022

OECD’s global tax deal: Its impact on India and the way forward

It's important to reform the international tax system to create a fair and inclusive global digital economy that takes into consideration the welfare

Offshore Tax Heavens: Pirates of Global Finance
Feb 19, 2011

Offshore Tax Heavens: Pirates of Global Finance

Tax heavens will exist as long as corrupt corporations and looting dictators do. The only way in which tax heavens can be countered is through technological development, and systems like Swift, which increase transparency of transactions, suggested noted investment analyst Mr. K. Arunachalam.

Perspectives on a green taxonomy for India
Nov 11, 2021

Perspectives on a green taxonomy for India

It’s imperative to draft a national taxonomy if India wants to walk the green talk.

Playing around with property tax
Dec 21, 2019

Playing around with property tax

Confusion over municipal property tax collection in Mumbai is a lesson for ULBs across India

Property tax reforms key for India’s post-Covid urban transformation
Sep 24, 2020

Property tax reforms key for India’s post-Covid urban transformation

The very nature of this tax needs to be assessed to understand either why it is not paid or why recovery is poor.

The arrival of air taxis: A need for a new drone policy
Jan 05, 2024

The arrival of air taxis: A need for a new drone policy

With commercial drone operation just around the corner, relevant guidelines need to be introduced to ensure the smooth and safe functioning

The Bike-Taxi Alternative to Enhancing Urban Mobility in India
Aug 14, 2023

The Bike-Taxi Alternative to Enhancing Urban Mobility in India

Despite concerted efforts to improve urban public transport, the use of personal vehicles has increased across India. City administrations must consider promoting the use of paratransit vehicles, such as bike-taxis, that can provide ridership to more commuters than a private vehicle. While bike-taxis are prevalent in some Indian cities, their use is curtailed elsewhere in the country by state policy and statutes. Amid growing city congest

The fallacy of Govt's tobacco taxation
Jul 09, 2014

The fallacy of Govt's tobacco taxation

The skewed tobacco taxation policy, far removed from a reality based understanding of the tobacco consumption and economics, is not helping the government achieve any goals. It is perhaps due to either a strong lobby, or the desire to protect 36 million beedi workers or just bad strategy.

Time for the next big gamble for Modi: Tax rich farmers
May 04, 2017

Time for the next big gamble for Modi: Tax rich farmers

Post the success of demonetisation PM should now move towards taxing rich farmers by stopping the rhetoric of ‘poor farmers’ as a fig leaf.

Value capture taxation: A public policy approach
Jul 13, 2022

Value capture taxation: A public policy approach

India can implement value capture taxation that can help address urban land use challenges such as rising economic and social inequalities.

Why should the Commodity Transaction Tax (CTT) be repealed?
Dec 17, 2020

Why should the Commodity Transaction Tax (CTT) be repealed?

India needs world-class derivatives exchanges which will provide for the best risk management practices.

Windfall Taxes on Oil Companies: Sin Tax or Sin to Tax?
Aug 17, 2022

Windfall Taxes on Oil Companies: Sin Tax or Sin to Tax?

The recent windfall taxes imposed by the UNSC are considered either equivalent to a sin to tax the profits made from the geopolitical crisis or a sin

7 economic reforms that await Modi Season 2
May 24, 2019

7 economic reforms that await Modi Season 2

With Verdict 2019 giving a greater political force to Modi’s next five years, we hope some of them will make the grade, or at least, in experiential

70 Policies — Finance Commissions, 1951
Aug 02, 2018

70 Policies — Finance Commissions, 1951

Finance Commissions decide the distribution taxes between the centre and the states, and is the key financial lever determining the federal structure

70 Policies — Industrial Policy Resolution, 1956
Aug 04, 2018

70 Policies — Industrial Policy Resolution, 1956

The resolution emphasised on support for cottage, village and small-scale industries by restricting production for large players, differential taxatio

70 Policies — Nationalisation of Air India, 1953
Aug 02, 2018

70 Policies — Nationalisation of Air India, 1953

If airlines symbolised the travel of the rich, they should logically have been banned altogether or taxed heavily. Instead, the government nationalise