Global talk of taxing the rich has little appeal in India

Global talk of taxing the rich has little appeal in India

EAC-PM’s recommendations for a universal basic income and urban employment schemes to address inequality have also failed to generate a buzz inside and outside the government.

India abolished the wealth tax in 2017 even as the world was hotly debating the growing wealth and income inequalities. Image: Fortune India

Ahead of Amazon’s AGM of May 25, 2022, the UK-based tax transparency campaign group Fair Tax Foundation (FTF) revealed shocking details of tax evasion and misleading tax disclosures by the world’s largest retailer during the past decade of 2012-2021.The FTF’s investigations show that Amazon actually paid 9.8% tax during 2012-2021 […]

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