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Tax

Taxation Travails

While posts on WhatsApp would have us believe that taxpayers, who are allegedly in a minuscule minority, are a muchharassed lot, the Government pushes a diametrically opposite narrative viz.

Tax reforms

Australia, like much of the world, finds itself navigating turbulent economic waters. In a bid to ease the financial strain on citizens, Prime Minister Anthony Albanese has announced a bold move to reshape tax cuts, a decision that has sparked both support and controversy.

Well-being and Wetlands

An earlier e-mail with an attachment from an American friend popped up suddenly. His water and sewerage bill would cost him $900 a year after a discount from January 2024, up from about $676 just six months ago, a neat Rs 20,000 jump in Indian terms. He would have to pay about Rs 75,000, up from around Rs 55,000.

Path to Riches~I

A recent Oxfam report, published in January 2023, found that the richest one per cent in India own more than 40 per cent of the country's total wealth, while the bottom half together share just 3 per cent. Also, during FY 2020-21, approximately 64 per cent of the total Rs. 14.83 lakh crore in Goods and Services Tax (GST) came from the bottom 50 per cent of the population, with only 3 per cent coming from the top 10 per cent

Path to Riches~II

There are several countries which sell their citizenship. So as the real India's socio-economic situation worsens, keep an escape route open. Bear in mind that 2.25 lakh High Net worth Indians gave up their Indian nationality in 2022 alone. Obviously they were not idiots, they knew pretty well how the nation was being hollowed out and why it was worth their while to find a safe haven, from where they could continue with their predatory behaviour in India, while enjoying the privileges of an honoured citizen abroad