Re: fdfs
by Janarddan on Jun 27, 2012 06:49 AM
actually, you are correct.
Net tax income of Govt is going down, basically because it gives tax concessions to Corporates. Instead taxes like Excise that affect common man directly are hiked.
INDIA HAS THE LOWEST CORPORATE TAX IN THE WORLD among economies of its scale.
This shows why India is far behind China. China taxes Corporates and raises revenue to finance its Infra and welfare spending. India gives tax concession to Corporates under the guise of "attracting investment" - still it does not manage to get even one-sixth the investment that China gets.
The whole of "Liberalization" in India is a SCAM which will convert India into a banana republic like Mauritius and deprive itself of actual growth.
