Whenever it comes to the threats from anti-national elements, may it be terrorism or naxalism, we tend to divert the blame on outside factors. However let’s apply common sense, let’s see through the practical and very effective possible measures, because it indicates that the action is pending on you and me, hence we can shape up the results!!! Continue reading
Category Archives: Queries and Responses
Will farmers/poor also have to pay bank transaction tax?
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
BTT on each transaction, will cascading lead to inflated prices?
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
Traders or business with 1% margin, will 2% BTT be fair?
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
2% tax on bank transactions, will it lead to cash and more black-money?
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
A time for radical tax reform – Sanjeev Sanyal
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
Ambani and poor to pay same tax, is it fair?
Context: How Arthakranti proposal does justice to poor, by removing existing tax slabs? Indirect taxes are supposed to be unjust on the ground that they make poor pay more…suppose—– income 1 lakh Rs income person— pays 10 paise tax on purchase of match box. 1 thousand income — person pays 10 paise on purchase on match box. By removing present tax structure how does Arthakranti gives better justifiable option. Isn’t Arthakranti regressive, hence inequitable? Continue reading
Current tax system, is it really progressive & fair?
One objection raised on Arthakranti’s BTT is that it is not fair/equitable, because it taxes the rich and the poor with same flat rate of 2%, whereas current tax system has progressive slabs and applies higher tax to higher income group. In that context let’s see whether the current tax system is really progressive and fair. Continue reading
Will loss making companies have to pay bank transaction tax (BTT)?
Context for question: In the present system, loss-making companies do not have to pay Corporate Income Tax. But according to the ArthaKranti Proposal, all receipts will be taxed, irrespective of whether a company is loss -making or profit-making. Is this fair? Continue reading
अर्थक्रांती लवकरच निवडणुकीतील महत्त्वाचा मुद्दा : बोकील
Divya Marathi Special >> Interview Of Anil Bokil
यमाजी मालकर|Jan 18, 2014, 07:50AM IST
सर्व भारतीय ज्या अनेक किचकट करांच्या ओझ्याखाली दबले आहेत, ज्या काळ्या पैशांच्या मुळाशी आजची करपद्धती आहे, तीत आमूलाग्र बदल होईल काय?, सर्व कर रद्द होऊन देशात खरोखरच बँक ट्रान्झेक्शन टॅक्स (बीटीटी) सारखा सुटसुटीत आणि काळा पैसा निर्माणच होणार नाही, असा कर येणार काय, अशी उलटसुलट चर्चा देशात सर्वत्र सुरू झाली आहे. भाजपचे पंतप्रधानपदाचे उमेदवार नरेंद्र मोदी आणि योगगुरू बाबा रामदेव यांनी ही चर्चा ज्या अर्थक्रांती प्रतिष्ठानच्या प्रस्तावावरून सुरू केली आहे, ते प्रतिष्ठान महाराष्ट्रातील. मूळ लातूर, नंतर औरंगाबाद आणि आता पुण्यात राहत असलेले अनिल बोकील हे त्या प्रतिष्ठानचे अध्यक्ष. त्यांची ही खास मुलाखत. Continue reading
