Reform taxes...

Article;
The scourage of black money.

Comment;

Tax is considered by many as a tool of redistribution of income and lowering inequality... but it has lost its meaning probably because of the flaws in the direction... People pay income-tax and then tax on goods & services... By the way of income tax the government one time taxes all the economy, ineligible apart, everybody, consumers and producers, then why the government imposes tax on goods and services? People pay both direct and indirect taxes, why pay taxes two-times? Moreover, indirect taxes are also paid by the poor people who are already dependent on the government… Is that an example of good tax-system where rich do not pay direct taxes and the very poor pay indirect taxes? Is that rational? Altogether, i think, the tax system is too regressive and directionless... Black money is also spent on the same goods and services and indirect-taxes are paid… In this way the money that is spent does not remain black-money, completely, because half the way they are right... The government becomes a partner in the laundering... Although the government owes the money, anyways, but I think the government so far has remained very soft on the issue, almost closed eyes… The possibility of tax-evasion far exceed when income tax is concerned because you can hide your income but you can not hide your expenditure… Therefore, i think, there is a need to make the Indian tax-system more liberal and more efficient and more as a tool to ensure redistribution of income and inequality…