The government’s budget math faces a tax challenge
Inadequate GST tax revenue might push the government to aggressively target more tax from corporates, in a repeat of what happened in 2018-19
Invoking the analogy of an elephant that is satisfied with a small offering of rice and doesn’t trample upon the paddy fields, India’s new finance minister, Nirmala Sitharaman sought to allay fears of firms and investors who have increasingly complained of ‘tax terrorism’ in recent years.
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