This question generally comes with a claim that ‘farmers or poor do not have to pay taxes today‘, which is a big misconception. So let’s see what are tax implications for farmers & poor today and post Arthakranti! Continue reading
A question arouses in the mind that if one pays say 2% tax on each transaction, starting from purchase of raw material, how much it would become with cascading for end consumer? If there are 7 linearly stacked steps involved, will BTT cascade to more than 14%?…So would it not lead to hike in prices? Continue reading
We should be happy that cars, India made electronic goods have become cheaper after the budget. However in context of the recently presented interim budget, let’s try to understand the overall economic situation of our country and how it is going to impact us, the common man! Continue reading
There is a very commonly raised objection that for traders or businesses, with profit margin as small as 1%, bank transaction tax of 2% is not fair. Let’s see how this is a misunderstanding and in fact it would lead to more profit for traders and lesser prices for consumers with Arthakranti’s Bank Transaction Tax (BTT)! Continue reading
Context: The objection is that if bank transactions are taxed at 2%, then why would people transact through banks? They would rather start transacting in other parallel means as cash or barter like ways, people would lend each other in cash. So will not this lead more people to operate in cash and leading to more black-money? Continue reading
There was a column by Sanjeev Sanyal in Business Standard, dated January 28, 2014. Here is response to the article.
First of all, good to see that the author taking whole Arthakranti proposal in consideration. The author has simply put forth his views with 2 separate dimensions, one of merging cash economy and the other of BTT. Sanjeev has appreciated the merging of cash economy aspect and has raised some concerns about BTT, along with note that ‘it has triggered a much-needed debate over tax reform‘. Continue reading