Ex-IMF executive director advocates for personal tax cuts in India
Surjit Bhalla, former IMF Executive Director, urges for personal income tax reductions over corporate tax cuts ahead of the Union Budget 2025. Bhalla criticizes India’s high tax-to-GDP ratio, suggesting that lowering personal taxes could enhance revenue and…
- Surjit Bhalla, former IMF Executive Director, urges for personal income tax reductions over corporate tax cuts ahead of the Union Budget 2025.
- Bhalla criticizes India’s high tax-to-GDP ratio, suggesting that lowering personal taxes could enhance revenue and support infrastructure and welfare.
- Despite previous corporate tax cuts, Bhalla emphasizes the importance of reducing personal income taxes to stimulate consumption and economic growth.