Al Arafat Sherfuddeen Sherfuddeen
Passionate writer about current events, politics and happenings nationally and globally. An agent of communal harmony and an ardent Arsenal fan.
Subramanian Swamy, the man who minces no words with his opinions and views has been in the news of late for his tirade against Raghuram Rajan and the Chief Economic Advisor Mr. Arvind Submaniam. For now, our interest is not on his tirades against them but on his opinion on income tax and why he wants it to be removed. Subramanian Swamy wrote on The Hindu on an “imminent crash” of the Indian economy and also suggested a way out for the Indian economy. He has suggested the abolition of income tax to boost the economic growth of India. Where is he spot on? Where are the grey areas? Let’s have a look.
If as suggested by Mr. Swamy, income tax could be abolished, it would have the following cascading effects:
So if income tax is abolished, how will the government earn the money?
Two ways Indian economy can improve
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