Print Friendly, PDF & Email

7) As the history of the license permit quota raj shows, unless the economic incentive favour voluntary tax compliance and less political, bureaucratic and police corruption, any benefits are soon frittered away and negative effects multiply over time. In this regard, should there be a flat income tax rate for all citizens? If yes, what should be its rate? Substantiate.

Topic:  Resource mobilization

7) As the history of the license permit quota raj shows, unless the economic incentive favour voluntary tax compliance and less political, bureaucratic and police corruption, any benefits are soon frittered away and negative effects multiply over time. In this regard, should there be a flat income tax rate for all citizens? If yes, what should be its rate? Substantiate. (200 Words)

The Indian Express