Technical Presentation of An Alternate TAX System in India Proposed by ArthaKranti

ArthaKranti
A design towards Principled, Prosperous & Peaceful living
Home
Sunday, January 05, 2014
ArthaKranti
Presentation
Vision Social Reality Economic Reality Current Reality Loops
Local Industry Credit Cycle Internal Borrowings Banking System Disinvestment Anti-Social Industries High Denomination Currency FDI Vision
Home
Animations
Statistics
Social Reality
Economic Reality
Currency Calculations Denomination
Credit Expansion
Credit Establishment
Bank Money
Direct & Indirect tax
Farmers Suicides
Proposal Effects of Proposal Strategy Appeal Linked Proposals Empowering Democracy Social Security Scheme Terrorism Analysis
Proposed System Strategy
Flawed Taxation System
Proposal
Appeal
Revenue after BTT
Commodity Prices
ArthaKranti
Vision
Home
Vasudhaiv Kutumbakam
Capital Formation
One Economy
Revenue for Effective Governance
ArthaKranti
Home
ArthaKranti
Economic Reality
Complex Taxation system
Home
Interest on External Debt
Cost of running Government
National Security
Infrastructure, Agriculture, Needs of Common man
ArthaKranti
Effects of Fiscal Deficit on Local Industry
Home
Unemployment
Social Insecurities
Reduced Rural Purchasing Power
Uncompetitive Local Industry / Trade
Policies Influenced by Foreign Interests
Local Agriculture Rendered Uncompetitive
Poor Infrastructure
Attract FDI
Subsidies Curbed
Fiscal Deficit
ArthaKranti
A design towards Principled, Prosperous & Peaceful living Effects of Fiscal Deficit on Credit Cycle & Government Revenue
Home
Unemployment
Inflation
Deficit Budget
Fiscal Deficit
Social Insecurities
Conservative Lending
Hard Credit Policy
Purchasing Power Reduced

NPAs Increase
Inadequate Tax Revenue to Govt.

Low Demand / Recession
Inadequate Capital Supply to Economy GDP Growth Slows Down
ArthaKranti
Effects of Internal Borrowings on Fiscal Deficit
Home
Internal Borrowings
Spent on NonDevelopmental Activities
Fiscal Deficit
GDP Growth Slows Down
ArthaKranti
Effects of Fiscal Policy & External Borrowings on Credit Policy & Banking System
Home
Threat to Local Banking System
National Policies Influenced
External Borrowings
Expensive Capital
Fiscal Deficit
Lending Rates Increase
Bank Interest Rates Increase
Tax Rebate + High Interest Rates on Savings
ArthaKranti
Fiscal Deficit
Home
Effects of Fiscal Deficit on Disinvestment Policies & Reduced Social Spending
Pressure to Disinvestment
Threat to Organized Employment
Reduced Social Spending
Public - Private Partnership e.g. Toll
Govt. Control Lost in Essential Commodities [e.g. Oil, Medicines etc.]
Cost Burden Passed onto Common Man
Scope for Market Exploitation
Purchasing Power Reduced
Severe Impact on Weaker Sections
Social Insecurities
ArthaKranti
Effects of Fiscal Deficit on Anti-Social Industries
Home
Increased Congestion, Accidents, Pollution
Social Insecurities
Promoting Increased use of Oil Automobiles
Direct Ill Effects on Public Health
Increase in oil Import Losses (Subsidies)
Lack of infrastructure / public amenities (e.g. public transport system)
Promotion of Liquor, Gutkha, Cigarettes
Promotion of State Run Lottery Schemes
Fiscal Deficit
Inadvertent Promotion of Anti-Social Industries
ArthaKranti
A design towards Principled, Prosperous & Peaceful living Effects on Taxation System & High Denomination Currency
Home
Social Insecurities Fiscal Deficit

Poor Governance
GDP Growth Slows Down
Parallel Economy
Corruption
Inadequate Capital Supply to Economy
High Input Costs
Tinkering of Taxation System
Black Money
Non Traceable Transactions
Flawed Taxation System Expensive Capital Less Use of Banking System
Tax Evasion
Large Denomination Notes
Ease of Cash Transactions
Poor Credit / Capital Formation
Inflation
Fiscal Deficit
ArthaKranti
Farmers Suicides
A design towards Principled, Prosperous & Peaceful living Effects of Fiscal Deficit on Credit Cycle & Farmers Suicides
Home
Social Unrest
Unjust Borrowings from Private Sources
Inflation
Deficit Budget
Fiscal Deficit
Low Credit Supply to Agriculture
Hard Credit Policy
Individuals Credibility NOT Established
Poor Credit / Capital Formation
Less Use of Banking System
ArthaKranti
Home
Narrow Base and Limited Coverage of Direct Taxation Direct to Indirect Tax Ratio is 44:56 Show Inequitable and hence Regressive Show
Statistics
Non-Productive
Uncertain Inelastic
Show Show
Show
Uneconomical
Show Show Show
Complex nature of taxes
Tax laws open for interpretation
How should it be
Show
ArthaKranti
Home
Currency Denomination
Country
Per Capita Income
Highest Denomination
Per Capita Income / Highest Denomination
USA
$ 40,000
$ 100
400
UK
20,000
50
400
Japan
40,00,000
10,000
400
India
Rs. 46,000
Rs. 1,000
46
Currency Denomination Distribution
ArthaKranti
Credit Establishment
Home
Less Use of Banking System Obstructs Credit Registration of a lot of Citizens in the National Economy
ArthaKranti
ArthaKranti Proposal
Home
Withdrawal of Existing Taxation System Completely* (except Customs/Import Duties) * All Central, State and Local Government Taxes Direct and Indirect Every Transaction routed through a bank will attract a certain deduction in appropriate percentage as Bank Transaction Tax i.e. Single Point Tax Deducted at Source (say 2 %)
This deduction is to be effected on receiving/credit account only

This deducted amount will be credited to different Government Levels like Central, State and Local (as say 0.7 %, 0.6 % and 0.35 % respectively) Transacting Bank will also have its share in this deducted amount (say 0.35 %) as the Bank has a key role to perform Cash Transactions will not attract any tax Withdrawal of High Denomination Currency (say above Rs. 50) Government should make legal provisions to restrict cash transactions up to a certain limit (say Rs. 2,000) This means, Cash Transactions above this limit will NOT enjoy any legal protection.
ArthaKranti
Effects of ArthaKranti Proposal
Adequate Revenue to Government
Home
Tax Revenue Increases by Orders of Magnitude
Adequate Revenue to Govt.
Show
Increase in Banking Transactions
High Value Cash Transactions Not Practical
Bank Transaction Tax (Say 2%)
High Denomination Currency is Removed (Say above Rs. 50)
Legal Provision Made Restricting Cash Transactions up to a Certain Limit (Say Rs. 2000)
Existing Cash Deposited in Banks & Attracts BTT
ArthaKranti

Anti-Social and AntiNational Elements Effectively Checked
Home
Black Money Eliminated
Opportunities for Corruption Eliminated
Tax Collection is Simplified
Fake Currency Eliminated
ArthaKranti

Home
Industry Trade, Supply Stimulated
Market Demand Boosted
Purchasing Power of Society Increased
Increase in Banking Transactions Net Banking Revenue Increases
Cheap and Easy Capital
Part of BTT goes to Banks
Globally Competitive Interest Rates

ArthaKranti

Home
Anti-social and antiIndustry national elements Trade, checked Supply effectively
Stimulated
Cheap and Easy Capital
Purchasing Power of Society Increases
Prices Drop
Show
Market Demand Boosted
Commodities and Services are FREED from Tax Influence
Focus Shifted to Innovation from Tax Manipulation
ArthaKranti

Home
Money Supply Regulated
Adequate Revenue to Govt. Tax Revenue Increases by Orders of Magnitude
SLR Revised
Black Money is Converted into White
ArthaKranti
Effects of ArthaKranti Proposal Anti-Social and AntiNational Elements Effectively Checked
Home
Social Security Restored
Employment Opportunities
Empowered Government
Effective Governance
Cleansed Political System
Black Money Eliminated
Govt. Debts Checked
Fiscal Deficit Recovered
Budgetary Provision for Political System
Globally Competent Agro-Segment
Adequate Revenue to Govt.

Appropriate subsidies
ArthaKranti
Increased Purchasing Power Building Individuals Credibility Anti-Social and AntiNational Elements Effectively Checked
Home
Decentralized Revenue Collection System
Elimination of Black Money
Cheap and Easy Credit Availability

Revenue for Banking Budgetary Provision for Political System
EMPOWERED INDIA
Creativity FREED from Tax Manipulation
Social Security Scheme
Industry, Trade, Supply Stimulated

Tax Burden Reduced with BTT
Elimination of Means & Motives for Corruption

Adequate Revenue to run Govt. Programs

ArthaKranti
Home
ArthaKranti
Home
Jai Hind!
ArthaKranti
Home
Back
ArthaKranti
Home
Back
Distribution of Central Governments Direct & Indirect Tax Revenues

500000 400000
300000
200000 100000 0
Direct
Indirect
All figures in Rupees Crores
ArthaKranti
Home
Back
Distribution of State Governments Direct & Indirect Tax Revenues

500000
400000
300000 200000 100000 0
Direct
Indirect
ArthaKranti
Home
Back
Distribution of Central & State Governments Combined Direct & Indirect Tax Revenues
800000 700000 600000 500000 400000 300000 200000 100000 0
Direct
Indirect
ArthaKranti
Home
Back
Distribution of Centre & State Governments Combined Direct & Indirect Tax Revenues for the Year 2010-2011
44% 56%
Direct Indirect
ArthaKranti
Home
Back
ArthaKranti
Home
Back
Highest Three Denominations account for 95 % of the Total Currency Money while 37 % of our Population is below Poverty Line with Poverty Line = Rs. 20/-
ArthaKranti
Home
Back
Comparison of Currency Denomination Distribution: Indian Rupee & U. S. Dollar
Note: Absence of Denominations Larger Than $ 100 in U. S. and the fact that considerable part of the U. S. Currency in $ 100 and $ 50 Bills is in use outside U. S. it being an International Currency.
ArthaKranti
Primary Deposits 20001 1800 1620 1458 1313 20,000
A design towards Principled, Prosperous & Peaceful living Credit Expansion through Banking System
Home
Banks A B C D E Eventually
Cash Reserves 200 180
Loans / Derivate Deposits 18002 1620 1458 1313 1182 18,0003
162
145 131 2000
1 - Original Primary Deposit 2 - Original Excess Reserves 3 - Total Capital Formation through Credit Expansion with Original Primary Deposit of Rs. 2000
ArthaKranti
A design towards Principled, Prosperous & Peaceful living Analysis of Commodity Prices
Home
Back
Product Cement Bag Motor bike Petrol Diesel

All figures in rupees
MFG Cost 90 21,000 35 / liter 25 / liter
Taxes ~ 160 21,000 38 / liter 20 / liter
Sales Price ~ 250 42,000 73 / liter 45 / liter
Chinese Cost 72 25,000 -
ArthaKranti
Home
Sample Calculations
Narrow Money (Transaction Money) (M1) = Currency Money + Demand Deposits
For year 2010-2011
Currency Money = 9,50,000 Demand Deposits = 7,18,000 Narrow Money (M1) = 16,68,000
Assuming 20 % of M1 to be active in Daily Bank Transactions, Amount of Money in Daily Bank Transactions (D1) = 3,33,600 Amount of money in Yearly Bank Transactions (Y1) = D1*365 = 3,33,600*365 = 12,17,64,000
Consider Bank Transaction Tax as 2% (notional) with shares of Central Government=0.7%, State Government=0.6% and Local Government=0.35%. Combined Revenue for Centre (0.7%) and States (0.6%) = Y1 * 1.3/100 = 12,17,64,000 * 0.013 = ~ 15,83,000
Revenue of State Governments (0.6 %) = ~7,31,000 Revenue of Local Governments (0.35 %) = ~4,27,000 Revenue for Banks (0.35 %) = ~4,27,000
ArthaKranti
Home
ArthaKranti
Home
ArthaKranti
Home
ArthaKranti
Home
ArthaKranti
Home
ArthaKranti
Home
ArthaKranti
Dependency on FDI
Home
ArthaKranti
Dependency on FDI
Home
China
India
ArthaKranti
Home
Back
ArthaKranti
The ArthaKranti National Reform Bill
Home
Implementation
The ArthaKranti Doctrine
Members of Parliament
The Citizens Charter of Demand
Political Leaders & Parties

Show
Business Leaders
Show
Experts
Show
Media
Show
Advertising Campaign ArthaKranti Pratishthan Public Presentation Media Tools The Indian Citizen
ArthaKranti
Empowering Democracy
Home
Implementation of ArthaKranti proposal. Its Effects are Enough revenues with government to make legal provision of funds for political system High valued cash transactions difficult Increase the use of the banking system Effective taxation system leading to eradication of black money. Provision for funding of the political system Funding of the political parties based on a per person amount for the entire population for a five year period. Say Rs. 100/person Total population is to be considered while making this provision The actual fund availability will be in proportion to the actual voting percentage This funding will be available only to Registered political parties securing more than a certain minimum percentage of votes cast
Sample Calculation for funding political parties
Giving healthy monthly allowances to the elected representatives

The proposal for allowance of elected representatives
ArthaKranti
Calculations
Home
Back
At the Central Level: Total provision for the entire population for the period of 5 years 121 Cr. * 100 (per Person Amount) = Rs. 12,100 Cr. Provision per year Rs. 2,420 Cr.
The total Amount available in proportion to a total valid votes percentage Say 60% Amount available for 5 year period = 12,100 * 60/100 = 7,260 Cr.
At the State Level: State population say 10 Crores Funds provision for 5 year period = 10 Cr. * Rs. 100 = Rs. 1,000 Cr. At the Local level: Population of the urban areas is say, 10 Lakh Funds provision for 5 year period = 10 L * Rs. 100 = Rs. 10 Cr. Actual funding will depend upon the total percentage of votes cast.
ArthaKranti
Allowance for Elected Representatives
Home
Back
For MPs at Rs 10 Lakh/month For MLAs at Rs 5 Lakh/month For Corporators at Rs. 1,00,000/month For Village Development Officer at Rs. 10,000/month The spending with these provisions will be - At the central level -- 785*10L*12 = Rs. 942 Cr. against a projected revenue of ~Rs. 7,46,651 Cr. = ~0.13 % of the revenue - At the state level (e.g. Maharashtra) 366*5L*12 = ~Rs. 220 Cr. against a projected revenue of ~Rs. 50,000 Cr. = 0.44 % of the revenue - At the local corporation level (e.g. Aurangabad) 100*1,00,000*12 = Rs. 12 Cr. against a revenue of ~Rs. 250 Cr. = 4.8 % of the revenue
ArthaKranti
Improved governance Increased law and order Improved functioning and decision making
Home
Empowering democracy
Increased stability of government Politics focused on real issues and national interests
Politics professionalized as the qualified people will take it up
Dignity & public trust restored
Decreases ill-influence of local parties in national politics
Political parties interested in increasing voting
Transparency in politics
Funding to political parties based on the percentage of votes won
Decreased dependence on corruption and criminals
Assured clean funding
Effective funding available for political parties depends upon voting percentage
Eradication of Black Money
Appropriate remuneration for elected representatives at all levels
Legal provision of funds for politics at all levels
Provision of funding for political parties based on population
ArthaKranti
Home
Jai Hind!
ArthaKranti
Social Security Proposal
Home
A Social security identification (SSID) is issued to every Indian Citizen. To begin with the beneficiaries of the Social Security Allowance Scheme will be all adult citizens of India beneath the poverty line. For every deserving adult, a fixed amount (linked to DA), Social Security Allowance, is credited per month into a unique bank account linked to the SSID Say Rs. 2,000/ pm -- Based on Food (Rs. 900/-) + Shelter (Rs. 500/-) + Clothing (Rs. 300/-) + Health (Rs. 300/-) Government will remove all non-merit subsidies thus freeing up revenue to pay the Social Security Allowance to the deserving citizens All Social security allowance beneficiaries can get credit of Rs. 50,000/- (upper limit) from banks Restrictions to ensure correct usage - No rights to SSA beneficiaries on income for hereditary property - SSA amount cant be used as security against any other loan Uniform implementation throughout the country
ArthaKranti
Social Security Proposal
Calculations
Home
In first phase, scheme will be implemented for people below poverty line. Number of people below poverty line (monthly income below Rs. 300/-) is 30 Cr
Total monthly expenditure = Rs. 2,000 * 30 Cr = Rs. 60,000 Cr

Total yearly expenditure = Rs. 60,000 Cr * 12 = Rs. 7,20,000 Cr Excluding current expenditure of Government over subsidies of Rs. 1,50,000 Cr, additional yearly expenditure will be 7,20,000 - 1,50,000 = Rs. 5,70,000 Cr Considering current national income of Rs. 40,00,000 Cr, this additional expenditure would be ~15% of national income
ArthaKranti
Social security
Balanced Development (Rural and Urban)
Home
Improved quality of life

Dissemination of Population Opportunities of Corruption are reduced (PDS, fuel etc.) Credit / Capital expansion in the banking system as a whole Market driven quality supply of goods & services Price distortion removed
Decreased Social Unrest (reduced Naxalism, terrorism, extremism, etc.)
Increased Business / Employment opportunities locally
Farmers suicide checked
Assured dignified existence for every citizen
Hugely increased demand for goods and services (Necessities)
Increase in Purchasing power of the poor people
Increased use of Banking system
Establishment of Individual credibility with bank
Effective implementation of child welfare laws & schemes
Social Security Allowance (Say Rs. 2,000 monthly) (linked to DA) (Food, clothing, shelter, health insurance)
Saved Gov. Revenue Expenditure
Credit available to the poor
SSA beneficiaries will not have right on income from hereditary property
SSA cant be used as security for any other loan
Bank account for SSA (associated with SS Code)
Unique SS code for every citizen
Maximum Credit Limit For SSA beneficiaries up to say, Rs. 50,000
Withdrawal of Non-merit subsidies (Central and State)
ArthaKranti
Home
Jai Hind!
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Home
Back
ArthaKranti
Government Officials
Home
Back
H.E. Smt.
Pratibhatai Patil,
Dr. Montek Singh Ahluwalia,

Deputy Chairman, Planning Commission (Book)
Dr. Bhalchandra Mungekar,

Member, Planning Commission (Presentation)
Hon. President of India (Personal meeting twice)
Dr. Adarsh Kishore Saxena Ex-Union Finance Secretary (Presentation in the presence of Smt. Pratibhatai Patil)
Mr. Johny Joseph Chief Secretary, Maharashtra (Presentation To CM, Maharashtra )
Mr. Agarwal Dr. Parthasarathy Shome,

Ex-Chief Economic Advisor to the Union Finance Minister (Presentation North Block)
Finance and Planning Secretary, Maharashtra (Presentation To CM, Maharashtra )
Mr. Sangith Rao Principal Secretary, Maharashtra (Presentation To CM, Maharashtra )
ArthaKranti
Economists & Experts
Home
Back
Dr. D. R. Pendse
Dr. Narendra Jadhav
P B Sawant
Justice Supreme Court
M N Chaini
Chandrahas Deshpande
Sunil Bhandare Jairaj Salgaonkar
V. M. Govilkar
R A Mashelkar
ArthaKranti
Political Leaders Congress
Home
Back
Manmohan Singh, Hon. Prime Minister

(Book)
P. Chidambaram Union Finance Minister

(Book)
Sushil Kumar Shinde, Union Power Minister
Prithviraj Chavan
MOS, PMOs Office (Meeting)
V George P.A. to Smt Sonia Gandhi (Presentation)
Pawan Kumar Bansal, Minister of State for Finance (Presentation)
Vilasrao Deshmukh, CM, Maharashtra

(Presentation)
ArthaKranti
Political Leaders BJP
Home
Back
LK Advani
Bhairon Singh Shekhawat
Yashwant Sinha
Arun Shourie
Sushma Swaraj
Balbir Punj
SS Ahluwalia
Gopinath Munde
Nitin Gadkari
Rajeev Chandrashekhar
Sompal Shastri
Vinay Sahasrabuddhe
Sudheendra Kulkarni
ArthaKranti
Political Leaders Shiv Sena
Home
Back
Mohan Rawle
Suresh Prabhu
Political leaders
MNS
Raj Thackeray Shweta Paralkar Shishir Shinde
Rajan Shirodkar
ArthaKranti
Political Leaders NCP
Home
Back
Sharad Pawar
Jayant Patil
Political leaders
CPI
D Raja Dr. Kango
ArthaKranti
Industrialists
Home
Back
Deepak Ghaisas I-Flex solutions
Narayan Murthy Infosys
Arvind Padhye TCS Pune Center Head
ArthaKranti
Media Experts
Home
Back
Kumar Ketkar Loksatta
Raju Parulekar E TV
Prem Shankar Jha Hindustan Times
Rajeev Khandekar Star TV

Yamaji Malkar - Sakal
ArthaKranti
Creative Artists
Home
Back
Vijay Tendulkar
Mangesh Tendulkar
Sachin Pilgaonkar
Ashok Saraf
Nivedita Saraf
Nina Kulkarni
Mohan Joshi
Kiran Shantaram
Atul Parchure
Prashant Damle
Swapnil Bandodkar
ArthaKranti
Educational Institutions
Home
Back
Goa Commerce College

Osmania university
NGOs
Loksatta Maitri
i-Watch
Prayas (Reli group)
ArthaKranti
Home
Terrorism in India
ArthaKranti
Home
ArthaKranti
Home
ArthaKranti
Home
How
ArthaKranti we can tackle this
problem?
Home
ArthaKranti
Terrorism Analysis
Reduced Social Spending Lack of Education & Skills
Home
Unemployment
High Commodity Prices due to Heavy Indirect Taxes No Access to Credit
Reduced Purchasing Power
Tax Evasion
Under-utilized Banking System
Individuals Credibility not Established
Deprivation from Resources and Means (Credit) to Acquire Them
Inadequate Money Supply to Economy
Poverty
ArthaKranti
Terrorism Analysis
Home
Loss of faith in peaceful, democratic process, no hopes of getting justice without resorting to violence
Desperation
Rebellious Tendency
Deprivation, Extreme Disparity, Envy
Sense of Hurt, Damage to Self Esteem, Indignation
Poverty
Social Oppression (Communal / Religious / Caste / Linguistic etc.)
ArthaKranti
Physical constraints (Porous borders, unregulated coastlines)
Home
Parallel economy, Corruption, Fake / high denomination currency
Lack of clear and firm Foreign (therefore, Defense) policy
Terrorism
Logistic support, funding and training etc from hostile foreign organizations / nations Systemic Administrative weaknesses in governance and law enforcement
Public sympathy, Weak national Character Birth of a militant Propaganda for masses, Indoctrination of individuals Religious Dogma Perceived Historical injustice
Political / Economic / Philosophical ideology
Loss of faith in peaceful, democratic process, no hopes of getting justice without resorting to violence
ArthaKranti
ArthaKranti Proposal
Home
Withdrawal of existing Taxation System Completely (except Customs/Import Duties)

Every Transaction routed through a bank will attract a certain deduction in appropriate percentage as Bank Transaction Tax i.e. Single Point Tax Deducted at Source (say 2 %)
This deduction is to be effected on receiving/credit account only

This deducted amount will be credited to different Government levels like Central, State and Local (as say 0.7 %, 0.6 % and 0.35 % respectively) Transacting Bank will also have its share in this deducted amount (say 0.35 %) as the Bank has a key role to perform Withdrawal of High Denomination Currency (say above Rs. 50) Cash Transactions will not attract any tax Government should make legal provisions to restrict cash transactions up to a certain limit (say Rs. 2000)
ArthaKranti
Effects of Proposal
Reduced social spending Lack of education & skills
Home
Unemployment
High commodity prices due to heavy indirect taxes No access to credit
Reduced purchasing power
Flawed taxation system
Tax evasion
Under-utilized banking system
Individuals credibility not established
Deprivation from resources and means (credit) to acquire them
Inadequate money supply to economy
Adequate revenue with Government
Poverty
ArthaKranti
Effects of Proposal
Home
Unemployment
High commodity prices due to heavy indirect taxes No access to credit
Flawed taxation system
Tax evasion
Under-utilized banking system
Single point taxation system
No Black Money
Poverty
ArthaKranti
Effects of Proposal
Individuals credibility established Banking transactions increased
Home
Unemployment
No access to credit Under-utilized banking system
Poverty
ArthaKranti
Effects of Proposal
Industry, trade, supply stimulated
Home
Unemployment
Cheap & easy capital
Individuals credibility established
Purchasing power increased
Poverty
ArthaKranti
Effects of proposal
Home
Parallel economy, Corruption, Fake / high denomination currency Logistic support, funding and training etc from hostile foreign organizations / nations Systemic Administrative weaknesses in governance and law enforcement
Terrorism
Public sympathy, Weak national Character Birth of a militant
Poverty
No Black Money
Purchasing power increased
Industry, trade, supply stimulated
ArthaKranti
Effects of Proposal
Home
Parallel economy, Corruption, Fake / high denomination currency Logistic support, funding and training etc from hostile foreign organizations / nations Systemic Administrative weaknesses in governance and law enforcement
Terrorism
Public sympathy, Weak national Character Birth of a militant
Social Security
Empowered Government
No Black Money Purchasing power increased Industry, trade, supply stimulated
ArthaKranti
Home
ArthaKranti
Home
Jai Hind!

Technical Presentation of An Alternate TAX System in India Proposed by ArthaKranti

Diunggah oleh

Informasi Dokumen

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

Technical Presentation of An Alternate TAX System in India Proposed by ArthaKranti

Diunggah oleh

Hak Cipta:

Format Tersedia

ArthaKranti

A design towards Principled, Prosperous & Peaceful living

Sunday, January 05, 2014

A design towards Principled, Prosperous & Peaceful living

Currency Calculations Denomination

Direct & Indirect tax

Revenue after BTT

A design towards Principled, Prosperous & Peaceful living

Revenue for Effective Governance

A design towards Principled, Prosperous & Peaceful living

A design towards Principled, Prosperous & Peaceful living

Interest on External Debt

Cost of running Government

Infrastructure, Agriculture, Needs of Common man

A design towards Principled, Prosperous & Peaceful living

Uncompetitive Local Industry / Trade

Policies Influenced by Foreign Interests

Local Agriculture Rendered Uncompetitive

Hard Credit Policy

Purchasing Power Reduced

Inadequate Tax Revenue to Govt.

Inadequate Capital Supply to Economy GDP Growth Slows Down

A design towards Principled, Prosperous & Peaceful living

Spent on NonDevelopmental Activities

Inadequate Tax Revenue to Govt.

GDP Growth Slows Down

A design towards Principled, Prosperous & Peaceful living

Threat to Local Banking System

National Policies Influenced

Lending Rates Increase

Bank Interest Rates Increase

Tax Rebate + High Interest Rates on Savings

A design towards Principled, Prosperous & Peaceful living

Effects of Fiscal Deficit on Disinvestment Policies & Reduced Social Spending

Threat to Organized Employment

Reduced Social Spending

Public - Private Partnership e.g. Toll

Govt. Control Lost in Essential Commodities [e.g. Oil, Medicines etc.]

Cost Burden Passed onto Common Man

Scope for Market Exploitation

Purchasing Power Reduced

Severe Impact on Weaker Sections

A design towards Principled, Prosperous & Peaceful living

Increased Congestion, Accidents, Pollution

Promoting Increased use of Oil Automobiles

Direct Ill Effects on Public Health

Increase in oil Import Losses (Subsidies)

Lack of infrastructure / public amenities (e.g. public transport system)

Promotion of Liquor, Gutkha, Cigarettes

Promotion of State Run Lottery Schemes

Inadvertent Promotion of Anti-Social Industries

Social Insecurities Fiscal Deficit

GDP Growth Slows Down

Inadequate Tax Revenue to Govt.

Inadequate Capital Supply to Economy

High Input Costs

Tinkering of Taxation System

Non Traceable Transactions

Flawed Taxation System Expensive Capital Less Use of Banking System

Ease of Cash Transactions

Poor Credit / Capital Formation

Unjust Borrowings from Private Sources

Low Credit Supply to Agriculture

Hard Credit Policy