NC(JCM) Secretary writes to FM regarding the important major issues of Central Govt Employees as Pre-Budget Consultation:-
Shiva Gopal Mishra
Hon’ble Minister of Finance,
(Government of India), Ministry of Finance,
North Block, New Delhi
Reg.: Pre-budget consultation
- A Progressive Taxation System should be put in place to ensure taxing the rich and the affluent sections who have the capacity to pay at a higher degree. Corporate service sector, traders, wholesale business, private hospitals and institutions etc. should be brought under broader and higher tax net Increase taxes on luxury goods and reduce Indirect Taxes on essential commodities, as at present overwhelming majority of the population are subjected lo Indirect Taxes that constitute 86% of the revenue.
- Concrete steps must be taken to recover huge accumulated unpaid tax arrears which has already crossed more than Rs.5 lakh crore on Direct and Corporate Tax account alone, and has been increasing at a geometric proportion. Such huge tax evasion over and above the liberal tax concessions, already given in the last two budgets, should not be allowed to continue.
- The steps taken by the new Central Government, constituting Special Investigation Team(SIT) for recovering black money are praiseworthy and we urge for speedy action in the matter.
- Effective measures need to be taken to unearth huge accumulation of black money in the economy, including heavy amount of uncounted money in the tax heavens abroad and within the country, and necessary provisions be made to bring back illicit flow from India, which are at present more than twice current external debt of US$ 230 billion. This huge money be directed towards providing Social Security lo the working class.
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