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Abolish Income Tax...
by
Krishna
on Feb 09, 2010 10:13 AM
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Collect Tax on expenditure using VAT or GST, whatever. This will encourage savings.
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Re: Abolish Income Tax...
by
Krishna
on Feb 09, 2010 10:15 AM
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Remove Rs 500 and Rs 1000 currencies from circulation. Incentivize electronic transactions. This will reduce the black money.
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The above message is part of the Discussion Board:
http://business.rediff.com/business/2010/feb/01/your-say.html