https://www.taxtmi.com/news?id=30736 The statement asserts that a punitive tax regime labelled as Tax Terrorism-exemplified by a complex, multi rate GST with alleged large evasion and fraudulent entities-has depressed private domestic investment and driven wealthy emigrants. It further links sustained Chinese imports and a large trade deficit to damage in labour intensive manufacturing, and attributes weak consumption to stagnant or declining real wages. The statement urges the upcoming budget to eliminate raid raj and tax terrorism, simplify GST and curb evasion, protect manufacturing jobs, and restore wages and purchasing power to revive investment. en-us Sun, 19 Jan 2025 11:01:03 +0530 Sun, 19 Jan 2025 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=30736 The statement asserts that a punitive tax regime labelled as Tax Terrorism-exemplified by a complex, multi rate GST with alleged large evasion and fraudulent entities-has depressed private domestic investment and driven wealthy emigrants. It further links sustained Chinese imports and a large trade deficit to damage in labour intensive manufacturing, and attributes weak consumption to stagnant or declining real wages. The statement urges the upcoming budget to eliminate raid raj and tax terrorism, simplify GST and curb evasion, protect manufacturing jobs, and restore wages and purchasing power to revive investment. News - Sun, 19 Jan 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=30736