Tax Terrorism or Economic Disclipline
Tax Terrorism, a New word in discussion after the suspected death of Mr. Siddhartha, Owner of CCD since last 2-3 days.
Is it really Tax Terrorism ???
I had seen many literate person and having big business idea and implementation skills but they are Financial Illiterate and not very good in taking Financial Decisions for the business and sometime get trapped in wrong decisions and get it trouble.
But Government should also be little lenient while taking decision for such innocent Economic culprits, who actually are not willfull defaulters of Economic laws, but done it by mistake.
At the sametime Government should be strict enough, for teaching and maintaining discipline amongst the Businessmen, otherwise Business Community will take it for Granted.
If Government will start taking Harsh/Tough Decisions, people will get afraid from starting new business and generating Employment and growing the Economy of the country to the new level.
Businessmen should not feel like Criminal, which Business Community started feeling nowadays.
Infact, Government should come up with the policies, where Business community will be partner with Government for the Economic and Social Development of the Country, Like instead of Giving Subsidies, reduce the tax rates and encourage businessmen to Generate more employment.
If any businessmen is generating employment of 100 person or more, the tax slab get reduced by 5 % and so on…If he is maintaining Social Hospital, School or College, then the Tax Rate get reduced by 5%-10% and so on…. and that too for the life time of the Company till the time they are maintaining such social organisation.
So, in all there should be some rewards for the good work done by the businessmen and obviously punishment for wrong doers like charging extra tax rate for life time by 5%- 10% even for next generation of family, and No parents wants to pass on the penalties to the next generation….
So this way we can boost the economy, by Boosting and Encouraging our Businessmen and creating more business for new ones.