Proposed tax system can be solution to problem of skyrocketing inflation
Picture for representational purpose (Photo: DC archives)
Hyderabad: Economics experts proposed the Banking Transaction Tax — a tax system that can be a solution to the problem of skyrocketing inflation and corruption. The experts said that this system will help build a robust Indian economy.
The Arthakranti Pratishtan will present this proposal to the Narendra Modi government and ask the Prime Minister to make it a law in the upcoming Parliamentary session.
Anil Bhokil, an economic expert and founder of Arthakranti Pratishtan, said BTT is a simple taxation system that can replace the existing complex taxing system.
Except for the Custom and export duties, BTT replaces over 70 types of direct and indirect taxations by the Central and state governments, he said.
( Source : dc correspondent )
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