L’endettement des gens de l’oisiveté a été un des thèmes majeurs de l’an dernier. Le gouvernement jouait son travail depuis plusieurs années et ses vœux ne se seraient pas échelonnés autant à l’heure où nous sommes. L’an qui a pris fin cet été était le 27, dernier année du 10ème cycle indiakeneokafortechcrunch, source : moneygram.com L’endettement des gens de l’oisiveté a été un des thèmes majeurs de l’an dernier. Le gouvernement jouait son travail depuis plusieurs années et ses vœux ne se seraient pas échangés autant à l’heure où nous sommes. L’année 2018 est la 25ième au pied du mur mondial et si les chiffres nous parlent, le taux moyen de considération fiscale pour les gens de famille augmente sensiblement en 2018 (- 0,16%). Sans compter
Why is this significant?
The debt of idle people was one of the major themes of last year. The government was in debt at a historic level of Rs. 1.25 lakh crore, which was a record-high at the time. The average rate of tax payment for families with an income below Rs. 1 million rose to 21.9% in 2018, from 21.8% in 2017. The total number of taxpayers increased by 403,000, or 2.6%, to 3,921, the highest since 1999. The decline in the number of Indians who own businesses was very great, from 505,000 (5.5%) in 2017 to 464,000 (8.3%) in 2018. The number of Indians who are still idle, without any jobs, also grew, from 8,000 to 11,000 in the same year.
The tax question
The tax question was very high at the time of the 2017 general election, with the BJP and its Hindu nationalist allies demanding the abolition of indirect taxation on the basis of wealth. However, the finance ministry has been trying hard to avoid a complete overhaul of indirect tax systems in the country since the formation of the new government in 2014. The ministry has been focusing its efforts on revising the rules and regulations on indirect taxes.
BIM and green growth
In the introduction to this year’s issue of Business Surveys, we mentioned that BIM (Business Information Modeling) was being used by the tourism sector to predict future demand and attractions. The trend is in the opposite direction, with companies relying on GWP (Green Growth Potential) to decide what attractions they want to promote. The trend of promoting attractions that are already green and friendly towards the environment is increasing at a rapid pace.
Why India is rethinking the accounting of debt
One of the major themes for the year 2018 was the need for rethinking the accounting of debt. The high-interest rates on government debt and the low interest rates on private debt have been a major irritant for the Indian economy. In the current environment, one might as well ask what will be the next irritation? One of the major themes of the year is the need to review the accounting of debt, i.e. the accounting of LBOs (liabilities to be paid in lieu of debt), MBIE (ixtures of miracles), and Fannie Mae/ Freddie Mac type entities. The common theme among all these entities is that they are held by government-owned entities. It is a bit premature to start discussing restructuring of these entities as the current administration has not even begun to steel himself against the challenge.
Why Fair Money is Important
We have seen that the debt of idle people is a major theme of the year. The amount of debt that every Indian has increased from about $3.5 billion in 2006 to about $4.3 billion in 2018. The amount of debt in India itself has grown from about $4.4 billion in 2006 to about $5.3 billion in 2018. The number of Indians who have debt is currently about 7.1 million people, which is less than the population of Germany or Japan. If we take the total number of Indians who have debt into consideration, then the population of India is clearly smaller than that of China, India’s main rival.
Tax Reform for All
One of the major themes of the year is the need to adopt a strong corporate tax system based on the worldwide taxonomic structure of business. The corporate tax system in India has been fragmented for several decades and needs a major restructuring to bring it in line with international tax conventions.
Last year witnessed an unprecedented year for India. The country experienced a dramatic growth rate of over 10%. This is the largest such growth rate in the history of the country. The result was that there was increasing debt, an increasing number of taxpayers, and an increasing number of idle people. The country also saw an increase in the number of personal and small corporate residencies. This year is likely to be much more exciting as the country will see a huge growth rate in the number of taxpayers. There will also be an increased amount of debt. This is the best opportunity in recent times to change the tax system and increase the tax yield.