Federated Tax is National Glue

Border controls across India’s 30 states fragment it economically. The Arvind Subramanian Committee Report, 2015 on Goods and Services Tax-GST, cites economic fragmentation as responsible for 15% in welfare loss. Hopefully, with the GST legislation on its way, the sight of trucks waiting patiently to pay tax will disappear.¬†¬†Photo credit: http://www.thehindu.com Expectations are unrealistically high […]

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