There is a myth perpetrated by the government that higher tax collection will create economic growth. The problem is that they’ve got the causality wrong. Increased tax revenue is the result of economic growth and not the cause of it. The economic variable that the government should, therefore, attempt to maximise is economic growth and not tax collection. http://www.dnaindia.com/analysis/column-the-govt-needs-to-focus-on-economic-growth-and-not-taxes-2553623 |
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