Coffeehouse for desis
Would you like to react to this message? Create an account in a few clicks or log in to continue.


Jayant Sinha in favor of death tax?

2 posters

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

Go down

Jayant Sinha in favor of death tax? Empty Jayant Sinha in favor of death tax?

Post by confuzzled dude Sun Nov 16, 2014 1:58 pm

Former external affairs minister Yashwant Sinha's son Jayant, the Hazaribagh MP from the BJP who also happens to be an alumnus of IIT-Delhi and Harvard, became a minister of state for finance in Narendra Modi's first cabinet expansion.

While he is only a junior minister, he is a fervent believer in inter-generational equity. Translated, it means he favours a form of inheritance tax for wealth passed by the rich after their death to their progeny.

Inheritance tax, referred to as estate duty in India, was scrapped in 1985 by the Rajiv Gandhi government. The then Fnance Minister, VP Singh, had argued that benefits from the tax were not as high as the cost of its administration. However, economists argue that this may have changed, as asset generation is much more today.
http://firstbiz.firstpost.com/economy/jayant-sinha-jaitleys-new-right-hand-at-finmin-would-like-to-tax-inheritance-wealth-107735.html

confuzzled dude

Posts : 10205
Join date : 2011-05-08

Back to top Go down

Jayant Sinha in favor of death tax? Empty Re: Jayant Sinha in favor of death tax?

Post by truthbetold Sun Nov 16, 2014 4:13 pm

confuzzled dude wrote:
Former external affairs minister Yashwant Sinha's son Jayant, the Hazaribagh MP from the BJP who also happens to be an alumnus of IIT-Delhi and Harvard, became a minister of state for finance in Narendra Modi's first cabinet expansion.

While he is only a junior minister, he is a fervent believer in inter-generational equity. Translated, it means he favours a form of inheritance tax for wealth passed by the rich after their death to their progeny.

Inheritance tax, referred to as estate duty in India, was scrapped in 1985 by the Rajiv Gandhi government. The then Fnance Minister, VP Singh, had argued that benefits from the tax were not as high as the cost of its administration. However, economists argue that this may have changed, as asset generation is much more today.
http://firstbiz.firstpost.com/economy/jayant-sinha-jaitleys-new-right-hand-at-finmin-would-like-to-tax-inheritance-wealth-107735.html
 A good thing in India. Marwaris will be upset.  Let us how they will manipulate RSS to get their way.

truthbetold

Posts : 6799
Join date : 2011-06-07

Back to top Go down

Back to top

- Similar topics

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

 
Permissions in this forum:
You cannot reply to topics in this forum