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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: gunther who wrote (1264)	6/2/1998 2:24:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Well certainly. Gunther: REF:Taxes. Your are correct but this is going to be a daunting task considering hardly anybody pays the taxes,only a measly 2% or so pays it.Two of the reasons could be: 1)High tax rates (particularly business taxes both central and state) 2)Corrupted officials and lack of enforcement. I am sure there are many other reasons. If everybody paid taxes a lot the problems could have been solved.

To: gunther who wrote (1264)	6/2/1998 2:49:00 PM
From: JPR	Read Replies (2) \| Respond to of 12475

Gunther: One best thing to increase the budget is to make the taxevaders pay taxes. There is widespread tax-cheating in India. They have perfected the technique. Among them are politicians, industrialists, doctors, lawyers, movie-stars, businessmen etc. Once the tax man gets them, they somehow give the slip, because they have somebody to get them out of trouble in the Govt. If tax collection is as efficient as in US, overnight the country can change and become prosperous. JPR