Tax-to-GDP ratio India’s tax-to-GDP ratio is at about 11.7%-11.8% Including states’ taxes of about 6%, the overall ratio is about 18% Pl...
Tax-to-GDP ratio
India’s tax-to-GDP ratio is at about 11.7%-11.8%
Including states’ taxes of about 6%, the overall ratio is about 18%
Plotting it with per capita income, would put India’s ratio slightly above what that per capita income should indicate
So India is not doing poorly
On Capital gains tax regime
The changes in the capital gains tax regime are aimed at removing the arbitrage between various asset classes such as equity shares and real estate.
To a lesser degree, it is also meant to reduce the gap between taxation on capital gains and other forms of incomes, such as those from salary, business or rentals
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