https://www.taxtmi.com/news?id=33270 Allegations of economic favouritism characterise the critique of the Union Budget: taxpayers purportedly fund corporate loan waivers and benefit reductions for the wealthy through lower corporate taxes, while subsidies on essentials remain constrained. The charge frames these fiscal choices as shifting burdens onto poorer citizens. The critique also invokes "half federalism," alleging partisan divergence in budgetary allocations that advantages aligned states and disadvantages opposition-led states, and notes layered indirect taxes that raise the effective tax burden on ordinary consumers. en-us Fri, 07 Feb 2025 17:31:03 +0530 Fri, 07 Feb 2025 17:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33270 Allegations of economic favouritism characterise the critique of the Union Budget: taxpayers purportedly fund corporate loan waivers and benefit reductions for the wealthy through lower corporate taxes, while subsidies on essentials remain constrained. The charge frames these fiscal choices as shifting burdens onto poorer citizens. The critique also invokes "half federalism," alleging partisan divergence in budgetary allocations that advantages aligned states and disadvantages opposition-led states, and notes layered indirect taxes that raise the effective tax burden on ordinary consumers. News - Fri, 07 Feb 2025 17:31:03 +0530 https://www.taxtmi.com/news?id=33270