Implications of Wealth Taxes on Inequality in India
- 23 Mar, 2018
Economic inequality (income and wealth inequality) in India today is very high compared to international and historical standards. Further, due to low tax-GDP ratio and the resultant low spending on public services the situation of inequality is getting accentuated fast. Reforming the whole set of ‘Wealth Taxes’ can serve the twin purpose of curbing extreme inequality by redistributing income as well as augmenting revenue from direct taxes creating fiscal space for investing in social sector.
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