budget estimates of corporate taxes
the budget 2022 in its estimates,expects to collect a substantially increased inflow from corporate taxes.this means that the corporates are expected to make higher profits than the previous year,which by itself saw a buoyancy in tax collections.
while profit is not a dirty word and should not be,it should also be understood that profits are a by-product of higher revenue and controlled expenditure.these profits,post taxation go to enrich the stake holders,invariably a large share being cornered by the promoters.
incidentally,the cos.whether in industrial products or consumer goods have been crying hoarse about rising input costs and the need to increase prices to the consumer.
instead of making huge profits and paying more taxes to the government,why cant the corporates adopt a more reasonable pricing policy to the consumer,thereby reducing the burden on the consumer who is already reeling from low or no income post-pandemic.moderate pricing will also have a positive impact on both consumer and industrial inflation;surely,this will impact GDP though real GDP may not get impacted due to moderate inflation.
it is my personal opinion that the corporates start thinking about the burden the common citizen is facing and act more responsibly.
if the government wishes to invest hugely in infrastructure, let the government mobilise from other sources rather than rely on higher corporate tax inflows. more
while profit is not a dirty word and should not be,it should also be understood that profits are a by-product of higher revenue and controlled expenditure.these profits,post taxation go to enrich the stake holders,invariably a large share being cornered by the promoters.
incidentally,the cos.whether in industrial products or consumer goods have been crying hoarse about rising input costs and the need to increase prices to the consumer.
instead of making huge profits and paying more taxes to the government,why cant the corporates adopt a more reasonable pricing policy to the consumer,thereby reducing the burden on the consumer who is already reeling from low or no income post-pandemic.moderate pricing will also have a positive impact on both consumer and industrial inflation;surely,this will impact GDP though real GDP may not get impacted due to moderate inflation.
it is my personal opinion that the corporates start thinking about the burden the common citizen is facing and act more responsibly.
if the government wishes to invest hugely in infrastructure, let the government mobilise from other sources rather than rely on higher corporate tax inflows. more
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There is no guarantee that prices may get reduced if corporate taxes are reduced. Competition is what keeps the prices in check. (Example: Mobile tariff/data). more
Feb 09
Without revenue, tax cannot be collected. So, to run the nation tax needs to be collected but at the same time corrupt practices and negligent/corrupt officials must be brought to book and penalized so that revenue is earned by every entity. Of course, there will be adverse impact due to natural calamity which is not in our hands. Again but for the sake of revenue growth, one should not go against nature and fair means. Government must act sincere and with honest intentions. Netas and bureaucracy must be made accountable and make good for the losses cropped up due to their illegitimate actions/decisions. more
Feb 09
Government should not run any banks or businesses like the old socialist model. The tax dollars can be used to do real public works verses lining the pensions of government employees. more
Feb 06
Pensions to Private and Govt shall be Equal subject to Service. more
Feb 07
I wish our taxes would not be used to bail out PSUs for their losses, particularly PSU Banks for NPAs. Inputs have gone up: it is a sad reality because of higher wages/salaries, transport costs, higher commodity prices etc. more
Feb 06
Taxes are the only source of any Govt. If it raises loan, it will add to the cost of all development activities. If the industry is doing good, Govt. will collect more revenue through various taxes. If the industry remain hand to mouth, it will collapse during slump which will add to the menace of NPAs. more
Feb 06
