VAT gains acceptance

VAT (Value Added Tax) is a simple but a powerful tool in the hands of the government. Canada has it, US has it, UK has it and now, finally, India has it. I remember when the issue first came up and how vicious the backlash was. Now, when I speak to my relatives back in India, it is accepted without so much as a raised eyebrow.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s