https://www.taxtmi.com/article/detailed?id=13948 Proposes replacing India's multi-layered tax system with a single national transaction/expenditure tax levied on consumption to subsume direct and indirect levies. Recommends a uniform per-transaction rate and limits on cash transactions to enhance traceability, reduce evasion, simplify compliance and paperwork, and shift taxation from income to expenditure so that those who consume more bear the tax burden while savings are encouraged. en-us Fri, 28 Mar 2025 08:33:07 +0530 Fri, 28 Mar 2025 08:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13948 Proposes replacing India's multi-layered tax system with a single national transaction/expenditure tax levied on consumption to subsume direct and indirect levies. Recommends a uniform per-transaction rate and limits on cash transactions to enhance traceability, reduce evasion, simplify compliance and paperwork, and shift taxation from income to expenditure so that those who consume more bear the tax burden while savings are encouraged. Articles Other Topics Fri, 28 Mar 2025 08:33:07 +0530 https://www.taxtmi.com/article/detailed?id=13948