Question

Trends and issues in tax policy and reform in india

Answer 1

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the evolution of the Indian tax system and the impact of historical and institutional factors in shaping Indian tax policy.

• Trends in tax revenue are presented and these point toward a relative stagnation and deceleration in tax revenues at both the Union or central and state levels.

• Trends and Issues in Tax Policy and Reform in India. Whenever a financial crisis occurs threatening a possible financial meltdown central banks have to be at the forefront in combating neutralizing the crisis and restoring financial stability and economic growth.

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Answer 2

Explanation:

The wave of tax reforms that began in the mid-1980s and accelerated in the 1990s was motivated by a number of factors. In many developing countries, pressing fiscal imbalance was the driving force. ... On the other, globalization emphasized the need to minimize both efficiency and compliance costs of the tax system. ·