The trouble with taxation is not its inevitability, nor its comparison for that reason with mortality, but its susceptibility to being viewed through lenses tinted by the viewer's own tax liability. Evidence of this rises and falls in waves, peaking around budget time. For a steady view of the broad idea, one must turn to first principles. These were set out by Adam Smith in The Wealth of Nations (1776) as "canons of taxation." They still serve as a good test for tax ideas.
Denne historien er fra January 10, 2025-utgaven av Mint Chennai.
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Denne historien er fra January 10, 2025-utgaven av Mint Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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BUDGET 2025: DRIVING INDIA'S GROWTH IMPERATIVE
FY25 growth forecasts put out this month have raised warning signs for the economy
Nominee Laws at Crossroads: From Trustee to Ownership, A Case for Reforms
The notion of a nominee being a mere trustee complicates the case for asset succession
HUL's Minimalist asset big push for beauty portfolio
India's largest consumer goods maker just acquired one of the few profitable personal care startups in the country, signaling more consolidation as entrenched giants beef up premium offerings.
India will clock fastest growth rate: Andhra CM Naidu at Davos
Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.
Stand by DEI: It's a social and business imperative
In Greek, 'dei' means 'must'. As America swings with Trump's politics to roll back diversity, equity and inclusion initiatives, India Inc should step up to articulate why DEI is a must
HDFC Bank walks loan tightrope
DFC Bank Ltd performed well in Q3FY25 but reported a high loan-deposit ratio (LDR) of 98%, indicating less-than-ideal liquidity to cover urgent fund requirements.
Ireda Plans to Raise ₹5,000 Cr via QIP
Ireda said financial resources will support the growing demand for green financing.
Donald Trump to take virtual centre stage in Davos
Chief executives will be given the chance to lob questions at the new US President Donald Trump
JSW Defence, Telangana Ink MoU
JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing unmanned aerial systems.
American employees have lost their labour market leverage
Their pandemic gains are over as the power balance tilts away
