- Direct taxes paid(income tax/wealth tax etc)
- Net Indirect tax paid in cash(this would reflect net value addition)
Saturday, January 8, 2011
Companies contributing x% to the exchequer.
An Indian blue chip company proudly totals its tax payments(excise, service tax, customs duty, sales tax) and proudly claims to have contributed a not-so-small chunk of India's GDP. This claim is ironic considering that it was once India's major zero tax company. A blockbuster film and a book not available in India, have accused the company of evading taxes during the 80's. Still, the claim per se is questionable. It is the end consumer who pays indirect taxes. The producer only remits the taxes to the Govt. If there is any measure, it should be