Financial Daily from THE HINDU group of publications
Thursday, Oct 07, 2004
Financial Daily from THE HINDU group of publications Thursday, Oct 07, 2004 |
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Opinion
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Letters More cess
The UPA Government's penchant for levying cess for different purposes like education, rural employment, infrastructure development and so on ushers in a new fiscal theory where resources raised lose fungibility in the labyrinth of total expenditure; instead, each cess collected will be spent for the purpose it is levied. In fact the Government should replace the current tax structure with a series of purpose-oriented cess and provide meaningful annual audited accounts. For example, a cess each for loss making PSUs, subsidies, speedy disposal of files, and so on will promote better understanding of the working of the Government. P. V. Maiya Bangalore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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