Freebies Distribution Tax

Freebies Distribution Tax

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Health Insured Forum of India--( Hi-Fi ) started this petition to Central Government of India

Dear KarmaYogi Sir,        NaMo Namaha

You are trying to wriggle out of tight Fiscal situation ( partly due to pancemic) and beseeching States to make a Hobson's choice in lieu of GST shortfall compensation of 93k+ crores.

Populist measures of almost all State Governments to honor their Manifesto commitments are resulting in huge outflows of Direct Benefit Transfer to their Vote Banks on one pretext or other popularly known as Freebies,crippling development activities that boost Tax income and GDP.

Most of these Schemes are not aligned with any economic activity generating income (leave alone surplus) and solely designed to help people overcome liquidity crisis thereby depriving Tax income accrual of any kind which results in crippling GDP growth. Even beneficiaries of such largesse have started realizing it's folly.

To tide over this vicious cycle  {of scant development due to diversion of limited resources for unproductive purposes, stagnant Tax income and declining GDP growth} it's time to come out with an initiative that curbs the propensity of States with parochial outlook to ignore National interests and also to  augment Central Finances substantially.

we propose that:

Such extravaganzas in the guise of Welfare measures shall be Taxed suitably drawing salient features from the erstwhile Dividend Distribution Tax, which was efficient,effective and least cumbersome tool of Taxation.

Bring Freebies under GST at 28% initially to ensure  all round improvement in Tax income, GDP,Fiscal discipline and healthy political leadership.

Present Corona-charged atmosphere is ripe for such Reforms with far reaching economic,social,cultural,political  and moral upheaval.

As a law-abiding and responsible Citizen it is "mera Mann Ki Baat".

 

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