Rahul Mehta Gandhinagar LsCandidate
About super nonsense Transaction tax proposal by some Arthkranti group by some Anil Bokolji
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A a complete timewaste proposal by some Arthkranti Group is called as Transaction Tax. As per them, many taxes can be removed or reduced by imposing one alternate tax which they call as Bank Transaction Tax, which goes as follows
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(1) all large notes i.e. Rs 100 , Rs 200 , Rs 500 , Rs 1000, Rs 2000 etc will be ended gradually or abruptly
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(2) All transactions above Rs 1000 will have to be done by cheque or card or apps via banks
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(3) There will Bank Transaction Tax of 0.1% to 2% on amount
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And as per them, this amount will be sufficient to remove (excise + vat + sales tax + service tax + CST = now GST) and income tax, and wealth tax !!!
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Here are my posts explaining why TT is is nonsense
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(1) 303.028 : Against Transaction Tax (as proposed by Anil Bokil etc) - https://fb.com/notes/10151520379756922
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(2) How transaction tax , if implemented , can be evaded and so net govt tax revenue will be almost zero. Now dont blame me for finding loophole in TT. Pls blame Anil Kane etc for leaving or creating loophole in TT.----
https://fb.com/mehtarahulc/posts/10151514078391922
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(3) When TT comes, people will sell plots for Re 1 , and rest in gold !! And Govt will lose all stamp duty, capital gains tax and income tax, and get TT or only 2 paise !! Solution : pls focus on wealth tax -- https://fb.com/mehtarahulc/posts/10151825438881922
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My vidoes against TT -
(1) Why transaction tax proposal is pointless - (Hindi) https://youtube.com/watch?v=zPPSvlNEQxg
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(2) Why proposed transaction tax is timewaste - (Hindi) https://youtube.com/watch?v=s3jpaW6JOD8
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SOLUTION
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The least bad tax is Wealth Tax. The proposal is described at https://fb.com/mehtarahulc/posts/10154516735651922.