Can India go back to a wealth tax by appealing to the better side of the rich?
Published on: Friday 21 January 2022
“In theory, India employs several mechanisms that are aimed at taxing the rich. These include a progressive income tax rate structure, tax on capital gains, tax on gifts, and a surcharge on income tax on the super-rich,” says Vidushi Gupta. However, data has consistently shown that the rich in India are not paying enough tax, she adds.
