Preamble In my Macroeconomics Course in College, I was introduced to the Canons of Taxation are principles that guide the design of a fair and efficient tax system. Adam Smith, in his book *The Wealth of Nations*, introduced four fundamental canons of taxation: Equity: Taxes should be proportional to the taxpayer’s ability to pay. This… Continue reading Indexation and Canons of Taxation: Have We Learnt Anything from Angel Tax?
Tag: Finance Minister
Healthy Financial Relief Package for People’s Health
Background Last week, India’s Finance Minister announced a slew of financial relief to the stimulate growth and improve the healthcare infrastructure of the country which has been affected badly by the second wave of Covid. The package worth INR 0.62 million crores can be sub divided in three broad themes: Those that improve the financial… Continue reading Healthy Financial Relief Package for People’s Health