<h1>Economic Survey 2015-16: GST Reform Needs Constitutional Amendment, Broader Tax Base, and Fairer Taxation to Boost Revenue.</h1> The Economic Survey 2015-16 highlights the proposed Goods and Services Tax (GST) as a significant reform in global tax history, requiring a Constitutional amendment and broad political consensus. It emphasizes the need to widen the tax net from 5.5% to over 20% of earning individuals, addressing the disparity between taxpaying and voting. The Survey suggests not raising exemption thresholds to expand the tax base and proposes phasing out tax exemptions benefiting the wealthy. It advocates for reasonable taxation across income sources and higher property tax rates to curb real estate speculation and improve local finances, alongside better-targeted subsidies.