Yes. The best word is windfall tax for what is going on now! Everytime the price of any product goes up, the tax thereon too goes up - ofcourse unnoticed and the FM is happier to fill the coffers. The oil price need not go up so much high with the claim of continuing subsidies - Make it zero tax material and sell without any subsidy - on actual import cost overheads basis, see the cost coming down steeply. This is the second stretch of Tuglaq Raj we are seeing, earlier everything including beard growing was taxed and now too every service, every activity is taxed inspite of the highest-ever inflation figure. Even the price tags of MPs to cross-vote has gone up so high! Still the PM and FM are happy in their dreamworld!
RE:Very appropriate word - Windfall Tax
by Samir Moosa on Jul 23, 2008 11:46 AM Permalink
Are you ready to pay USD $ 182.25 per barrel of crude oil?? Please ask the FM to make an exception in your case as other Indians are not interested. Besides after getting the crude oil barrel get it refined and made into petroleum or diesel at your cost. Lets see if you can sell that petrol for Rs. 50.00 per litre. If you are not an economist atleast dont comment. Just dont copy / paste someone else's comments or thoughts.
