Wednesday, June 23, 2010

Parking and proposed structure

Logic of taxation could be traced back to arthshastraa.
Tax must not be more than 10 percent of earning.
Important is collection.
Tax evasion must not look profitable.
But if cost of being caught or fines is low but tax evasion is high,then this is an invitation to tax evaders.
Parking fee or tax will only add to confusion and quarrels and theft of tax but in the coffer will be only brick bats.
Hope saner elements prevail .

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