14 October, 2019
3 Min Read
GS-IIII: A tax policy that could work.
Indian government desperate to raise more tax revenues. It missed its tax targets last fiscal year, (poor goods and services tax (GST) collections). Its declared budgetary target for the current year requires tax receipts to increase by around 25%, when the first quarter increase was only 6%.
MNCs Tax Evasion:
Base erosion and profit shifting (BEPS):
The OECD G20 Base Erosion and Profit Shifting Project (or BEPS Project):
A government that is currently ineffective in battling both economic slowdown and declining tax revenues cannot afford to neglect this crucial opportunity.
Source: THE HINDU
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