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Introduce Expenditure tax in inplace of Income Tax

This petition had 5 supporters


People of India takes all kinds of risks to earn their incomes/make profits and that major part of life but due to ever increasing needs for Infrastructure development in India, Government has their tasks cut that compels them to keep introducing new taxes. All that puts great pressure on the people especially the service class and due to loopholes in the system, people could manage their account books and end up paying too little tax and that poses the threats of increasing the fiscal deficits.

Now since the Government has said after the demonetisation that one of the major reasons was to bring every Indian into the banking system so that digital transactions from their accounts are easier to be monitored instead of building huge revenue collection and monitoring team which costs fortune for the country and yet not proven to be very effective, the proposal to introduce Expenditure tax/Banking Transaction Tax (BTT) will pave the ways for bringing "One Nation Same Tax for All" for transactions over Rs. 2000. All payments to Govt schools, Govt Hospitals should be free from expenditure tax/BTT 

major Benefits : Total Transparency and manifold revenue collections for the Government to help India gets world class infrastructure development without any external debt thus increasing the sovereign ratings for the country.

 

 

 



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