Budget 2013: Biz honchos’ expectations
Tax the rich but reasonably: Assocham
With the government planning to impose higher tax on the rich post the Budget, many in the industry feel it is against them (the rich) to be burdened with such tax.
Sharing his view on the opinion, Assocham President Rajkumar Dhoot said, "Nowhere in the world this (higher tax for the rich) happens. Our opinion is tax them (the rich) but tax them reasonably. They have money and with that money they invest in the country, which generates jobs. The investments from the rich men also give excise duties, sales tax and hence generate revenues also."
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