Budget proposals too tough on service sectors
Sunday, 13 June 2010
Though there are divergent views about the budget, its relevance to the power sector is appreciated by all. If anybody expected even a few innovations in budgeting this year, they must have been rather disappointed. The budget has proposed to expand Value Added Tax/(VAT) to most areas in the services sector.
This reminds one of the remarks made by Sir Winston Churchill while opposing the bill to grant independence to India and Pakistan, introduced by Clement Atlee in the British House of Commons: "Not a bottle of water or a loaf of bread shall escape taxation; only the air will be free..." Perhaps our government's national budget has neglected to provide more funds for the free and fresh air even!
Gopal Sengupta
Canada
gopalsengupta@aol.com
This reminds one of the remarks made by Sir Winston Churchill while opposing the bill to grant independence to India and Pakistan, introduced by Clement Atlee in the British House of Commons: "Not a bottle of water or a loaf of bread shall escape taxation; only the air will be free..." Perhaps our government's national budget has neglected to provide more funds for the free and fresh air even!
Gopal Sengupta
Canada
gopalsengupta@aol.com