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Saturday, July 1st, 2017

 

GST arrives: will people be better off? It depends on the rates

India switched to the goods and services tax (GST) on Friday night, in what has been described as the largest reform of the country’s tax system. A column published as the new regime began asked a simple question: will ordinary people end up better off? A shift in federal powers The column argued that GST is more than a new way of collecting tax. In its view, the change also reshapes India’s federal arrangement, because the states are surrendering what is arguably their most significant power, the power to levyRead More