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

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The Political Economy of G7 Agreement on Taxes

The reallocation of taxing rights and a new global minimum tax are major inflexion points in tax reforms.

Incongruence between Announcements and Allocations

A scrutiny of the Indian economy and the state of public finances reveals that while there are a few areas of improvement under the current government, the economy remains fragile and, worryingly, the situation has worsened in some other respects. It was hoped that the Union Budget 2018–19 would take measures to address some of these concerns but these expectations have been belied. Budget 2018–19, possibly with an eye on elections, has made grand announcements instead of taking hard decisions and making adequate allocations towards key sectors of the economy.

Taxation on Tobacco in India

An increased disposable income among Indians has expanded their tobacco purchasing power and tobacco consumption. In fact, beedis and smokeless tobacco are increasingly being used among women and children which portends that the present taxation system does not motivate users to give up smoking.

An Examination of Revenue Generation

The revenue side of the budget is scrutinised to understand if the government is being realistic about revenue generation in 2017–18. Clearly, there is over-optimism, given that economic growth will be slow. Too much is expected from voluntary disclosure and penalties, while incentives are not in place. It would make sense to allow some slippage in the deficit targets in order to revive the economy. In addition, the increasing problem of cesses is discussed with reference to the Krishi Kalyan Cess to assess whether cesses serve the purpose for which they are introduced.

Budget 2016: Behind the Symbolism

The Modi government tries hard to signal a makeover but beyond the symbolic it does not change much.

Taxation and Poverty Eradication

Development, Poverty and Fiscal Policy: Decentralisation of Institutions edited by M Govinda Rao; Oxford University Press, New Delhi, 2002; pp xvi+358, Rs 595 .

Are We Heading Towards a Destination-Based VAT?

There will be, it has been announced, a shift from the current system of commodity taxation at the state level to value added taxation from April this year. This paper considers whether what is planned for implementation is in consonance with the core concepts of (destination-based) value added taxation and assesses the extent to which the present intiatives will lay a sound foundation for eventual modernisation of the indirect tax structure at the state level. The study has been made from the perspective of the existing commodity tax structure of Karnataka.

Taxation of Charitable Trusts

Given the large need for services in social development and social welfare areas, which the state is unable to meet in sufficient measure, and the need to encourage and support non-profit organisations promoting cultural activities as well those 'civil society' organisations defending civil liberties, promoting the welfare of women and children, etc, the state should spare from tax income that does not accrue to any individuals or juridical persons for private benefit. The acceptance of the recommendations of the Advisory Group on Tax Policy and Tax Administration for the Tenth Plan on tax treatment of charitable organisations would do grave damage to the work of the voluntary agencies which form one of the heart-warming and bright aspects of our society.
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