Knowledge Management & Indo - US Taxation ©
Mondaq Business Briefing › India Law Articles in English (2001)
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Knowledge Management & Indo - US Taxation ©
"Death and taxes are inevitable. The way you face them makes you wiser of course."
Introduction:The development of any economy compels a sovereign to garner taxes and the duty of every responsible citizen is to participate in such development activity through individual contributions. It is the desire of every economist to reprehend any greed shown by sovereign in the collection of taxes and to condemn every individual who wants to evade payment of taxes. If the wishes of the economists were to be horses, all of us would be in heaven. As you could see, the conflict between the taxpayer and the tax gatherer is a continuing one and the public debates and the criticisms generally act as the moderators. It is the general experience of nations that "the simpler the tax structure, greater is the degree of voluntary tax compliance.In the arena of international commerce, the right to tax any person,...See the full content of this document
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