![]() Financial Daily from THE HINDU group of publications Friday, Mar 11, 2005 |
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Opinion
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Letters VAT issues
The big advantage of VAT appears to be more fiction than reality. Along with the free entry of FDI in retail trade, the tax will virtually eliminate small and medium scale businessmen. Typical of the petty bourgeoisie, they welcome globalisation on their terms. It is strange that, the major Left parties, CPI and CPI (M) are silent on VAT and see it as a pure administrative issue to be decided by a committee headed by West Bengal Finance Minister. The Left should close its ranks with the small business, understand their apprehensions and be truly committed to the cause of Peoples Democratic Revolution. K Vijayachandran Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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