1. Every citizen should be provided with a permanant account number
2. Cash transactions should be discouraged by printing money upto the denomination of Rs.100.00 only
3. All transactions above Rs.1000/- to be made through banks with dr/cr card, funds transfer, chq/dd or online payments.
4. All taxes (it,st,cess,ed,service tax etc.,) should be dropped. Only transaction tax of 1% on each bank transaction let it be debit or credit to be levied and automatically transferred to Govt.'s treasury a/c. (I think this will be sufficient to replace all the taxes)
5. Banks should maintain one a/c and give uniform interest.
6. If all taxes are dropped, somuch of paper work and filing of returns, maintainance,inspecting and scrutinising will vanish & the people used for this purpose can be utilised to do for more productivily
7. If cash transactions are discouraged, then corruption,black money etc. will fall to nil.
8. budget only for proper exps and no worry abt income
2007-02-28 18:51:54 · 2 answers · asked by toknowmore 4 in Business & Finance ➔ Taxes ➔ India
It has already been given a name. It is called Utopia.
2007-02-28 19:00:45 · answer #1 · answered by Cherry_Blossom 5 · 0⤊ 0⤋
how will that make life better? . you are a retard. you have no grasp on reality. as far as your #7, that blows my mind how you think those will magically go away. people will find ways to take advantage of the system or work around it.
well i guess for the people who steal everyone's identity life will be better. And when i hack into your account and transfer your $ into an off shore account, my life will be nice. Too bad you had all your $ in one account.
Nice way to think out of the box, but step back into reality.
2007-02-28 19:01:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋