Should the government increase tax rates for the super-rich?
India Inc has vociferously batted against PMEAC chief C Rangarajan's suggestion that taxing the super-rich could be a new way to bridge the government's fiscal shortfall and improve India's tax to GDP ratio. Experts A K Bhattacharya, editor of Business Standard, Sudhir Chandra, former chairman of CBDT, and Sonu Iyer, tax partner and national leader of human capital services at Ernst & Young, discuss taxing the super-rich or other forms of taxation like the Inheritance tax will be a good idea or will it severely dent sentiment.
