ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Towards a Credible Maoism

April 1, 1972 cealment of income should be reduced The suggestion is that the penalty should have reference to the tax sought to be evaded, instead of the income concealed. The justification cited for this is that "a penalty based on income instead of tax hits the smaller tax payers more harshly". Indeed, if the pur- pose is to be less harsh on the smaller tax payers, then the obvious course is to have a progressive structure of penalties so as to enhance the penalty on the bigger tax payers. In the ultimate analysis, a thorough streamlining of the tax machinery, effective plugging of loopholes in taxation laws and harsh punishment for tax dodgers are the only ways to minimise tax evasion.

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