Decoding Taxes
Buoyancy in tax revenues was a hallmark of the rapid economic growth between 2004 and 2008.
Ajay Thakuri
- Mar 23, 2016,
- Updated Mar 23, 2016 11:43 AM IST
Buoyancy in tax revenues was a hallmark of the rapid economic growth between 2004 and 2008. The subsequent economic slowdown, a consequence of the global financial crisis, played spoilsport. Tax concessions to spur growth also hit revenue mop-up. However, collections - led by direct taxes - have once again started to gain momentum.
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Buoyancy in tax revenues was a hallmark of the rapid economic growth between 2004 and 2008. The subsequent economic slowdown, a consequence of the global financial crisis, played spoilsport. Tax concessions to spur growth also hit revenue mop-up. However, collections - led by direct taxes - have once again started to gain momentum.
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