This has been in the news that P. Chidambaram, the Finance Minister is contemplating an imposition of an additional tax on the people who are super rich in the country including the other Indians abroad belonging to this category as potential investors. He has since come out with a clarification in the matter that he has no mind to go ahead with increase in tax for the global investors. He may, he said, find out other measures to increase the revenue. Why such a shift in stand? Obviously it is from the point of view of the elections just due the very next year, an essential factor from the electorates angle. This is some thing which can be called more as an appeasement to the power segments that be from an election point of view than any that of any sort of relaxation.
Thursday 31 January 2013
Just some relaxation, or an appeasement?
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4 comments:
Sir, it is all a vote politics.
Sir, it is a pure appeasement
NO DECISION BY GOVERNMENT TILL ELECTION -TOTALLY PARALYSIS
iT IS DEFINITELY AN APPEASEMENT BUT ONE THING WHY IMPOSITION OF TAXES WHY THE FINANCE MINISTER OR WHOLE THE GOVT.IS NOT TAKING INITIATIVE FOR RECOVERY OF AMOUNT INVOLVED IN THE HIGH LEVEL SCAM? WHICH ARE THOUSANDS & THOUSANDS OF CARORES.WHY NOT THEY ARE LEAST INTERESTED TO BRING BACK BLACK MONEY FROM FOREIGN BANKS?BECAUSE THEY THEM SELVES ARE MAIN CULPRIT IN THE CASE.
I FURTHER UNDERSTAND,MAY BE INCURRECT BEING NO ECONOMIST,IF TAXES IMPOSES ON RICH PERSONS IT WILL BECOME BURDEN ON COMMON MAN.
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