Wednesday, October 07, 2009

Taxation

Books of Account
Making India Work
William Nanda Bissell
( http://www.penguinbooksindia.com/ )

Taxes, bad and good

A new system of taxation that encourages economic growth and meritocracy, even while redistributing wealth and doubling the Government’s revenue. That’s what William Nanda Bissell of Fabindia proposes in Making India Work. “I propose a system where ‘unearned profits,’ such as from inheritance and property, are taxed, and wages and productive activities are not,” he writes, in a chapter titled ‘Ending poverty.’



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