Why are you giving me an extra Rs 100,000 to pay my taxes?

Why are you giving me an extra Rs 100,000 to pay my taxes?

A few months back, I had a conversation with an executive of a big bank.

“I am getting a new loan from you, I am getting the money back,” he said.

“How is that going to work?”

I said, “We have to go to a bank to open a bank account.”

He looked at me with a look of bewilderment.

“If I have Rs. 100,001.00 in a bank, why are you paying me Rs. 20,000,000?”

I was in a sticky situation.

He had no answer to my question.

In the years that followed, we would have conversations about how we should do our taxes.

In these conversations, we shared the same sentiments: There is a big difference between the way we pay taxes and the way our politicians do it.

The difference is a result of the nature of the business.

The way politicians think about tax, tax matters are not relevant to the way businesses operate.

The government is supposed to be the protector of taxpayers, not the business owner.

A government has a duty to protect its citizens from tax evasion and illegal activity.

We must also do our part to protect taxpayers.

The problem is not the money, it is the attitude of the government.

The tax department needs to be better equipped to deal with tax evaders and fraudsters.

It needs to understand that we are a nation of tax-payers.

When a business has a turnover of more than Rs. 10 lakh, its tax department cannot handle a tax evasion case.

If a business owes a large amount to the government, it will be easier for the tax department to recover the money.

The department needs an aggressive attitude.

We should look at the whole economy and not just at the tax regime.

We need to look at all aspects of the economy.

We need to take a comprehensive view of the financial sector.

We also need to see the whole of the tax-tax nexus.

We have to understand the business environment of the country.

The best way to tackle these issues is to create a system that is transparent, accountable and transparent to taxpayers.

The government needs to create incentives to tax evader and fraudster.

It should set up a tax system where taxpayers get the benefits of tax collection, while the tax evading and the tax fraudsters get the burden of the money collected.

To be honest, there are a lot of people in the business world who do not like paying tax.

The reality is that the tax system in India is not fair.

There are no loopholes in the tax law, and no incentive to cheat the taxman.

There is no doubt that people who are making a lot money in India have to pay a lot tax.

But there is also a lot people who earn very little money, who are earning very little income.

The gap between the two is the difference between being in the middle and being out of the middle.

The middle class of India is a much smaller group than the middle class in developed countries.

We do not know how to get our tax system fair and transparent.

We are not sure if the government should make some changes to the tax code.

It is a fact that we need to be very careful about the nature and scope of the incentives.

There needs to have a structure in place that incentivises the people who pay taxes to pay more taxes, while incentivising the people that don’t pay taxes.

I believe the government can take a holistic approach to tax collection and evasion.

The Government of India has to take on this challenge.

In the past, we had a big debate over the tax rate.

A lot of issues were raised about the tax policy of the BJP-led UPA.

We had a long debate on the GST.

The BJP-BJP government has been trying to make it more competitive.

However, it has not been successful.

Why should the government collect more revenue from the people when they are not contributing anything to the economy?

The answer is simple: The BJP is not able to understand what the economy needs.

We cannot make our economy competitive in the way the BJP wants.

The main challenge we face is the GST and the fact that the GST is not competitive.

The GST has to be a big leap forward.

I am not asking for a new tax rate but a new way of collecting the tax.

This is an important discussion.

The first step is to start with a rational approach.

I think we need a framework to assess the tax burden.

Then, we will have a discussion on how to raise revenue through the various revenue sources.

There is a lot that needs to change in the GST structure.

The structure of the system needs to reflect the needs of the people.

The new tax rates are not the only changes that need to happen.

We want to have more flexibility.

The whole idea is to get the people to contribute more to the system.

There must be a mechanism to bring down the tax rates


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