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Indians are the biggest tax evaders
by Natesh on May 04, 2007 07:23 PM

Dear rediff readers, i also belong to the salaried class and pay huge taxes and see nothing in return from the govt. We should also take into account the huge black economy generated in India. Infact more than 50% of our economy is considered black economy and we justify it by saying the politicians are corrupt so why should be pay taxes. I think thats a very negative attitude for and we can never move forward. Some readers suggested pension plan but vast majority of our tax money is spent on giving away to retired govt offcials as pension. Our politicians give away too many freebies to the commoners which is a complete waste of tax money. The business class has always been evading tax for over 50 yrs now. Politicians and corruption have been inseperable and also govt officials. I think there should be a law for every politician and all their coterie to declare their assets after/before coming to power. The public should have access to all their financial assets through papers and internet. Government and the concerned department should be held accountable for any infrastructure related activity. I would recommend privatization of most public sectors to make it more transparent. Our tax money should be spent wisely to give us basic medical and infrastructural facilities. But its not good to evade tax as the right solution. I request our citizens(working and the business class) to pay the due taxes. Lets not have black money and remove it from the system

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Beware: Taxman is watching you