India's tax simplification could be good news for business
Business could be the big winner if India goes ahead with tax reform based on a uniform goods and services tax. From the outside, India looks to be a huge market with more than a billion consumers, but it is actually a collection of 28 states, all with power to set their own tax rate. The governing Congress Party promised to "create a seamless national common market for our farmers, artisans and entrepreneurs," possibly through a national GST. The Economist
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