Who suggested to Government of India to introduce expenditure tax ?
Nicholas Kaldor, in his report Indian Tax Reform (1956), recommended a personal expenditure tax alongside taxes on wealth, capital gains and gifts. India introduced the…
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Who suggested to Government of India to introduce expenditure tax ?
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Correct answer A
Nicholas Kaldor, in his report Indian Tax Reform (1956), recommended a personal expenditure tax alongside taxes on wealth, capital gains and gifts. India introduced the expenditure tax in 1958 but abolished it a few years later. J.R. Hicks, Ursula Hicks and Alvin Hansen are not linked with this recommendation.
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UGC NET Economics