| Otheerwise, Wherefrom employment generation can happen when the
manufacturing sector is chained and pained. |
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| Simple
principle of Taxation as defined by Chanakya in
Arthasasthra draws inspiration |
| from
the simplest of creature -honey-bee.The message is loud and clear: |
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| a)Honey-bee
sucks honey from the flower without damaging it. |
| b)No
harassment to flowers and flowers welcome honey-bees. |
| c)honey-bees
help in multiplying the volume of flowers and thereby the fragrance. |
| d)When
flowers multiply, the honey collection increases. |
| e)Honey-bee
never uses its sting against flowers which supply nectar. |
| f)the
bee never spares an intruder who tries to steal the honey. |
| g)the
bee neither damages the flower nor tries to squeeze the flower of all its
honey in one strangulating go. |
| h)Finally,
there is no uncertainty as to what the bee should do and flowers should pay |
| The
Golden Principle is "Don't kill the goose that lays golden eggs". |
| This
canon of Taxation should guide the Taxmen to shun short term revenue |
| considerations.Instead
work like bees,as prescribed by Chanakya in
"Arthasastra",inorder to
multiply"the volume of flowers" and generate larger |
| quantity
of nectar.! |
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| It
is pertinent to note that the Government like a common man should pursue its
duty of good governance |
| and
not to bother about the outcome or revenue-"Nishkamya
karma"-.The revenue should come to it
naturally. |
| Good
governance will include among other things,nurturing
enhancers/facilitators/multipliers
like |
| Productivity
improvement,good Quality,cost reduction , timely delivery of its services in
the economy and avoid uncertainties in Taxation .Generally,it should |
look
after law and order,primary education,health,defence,infrastructure,currency
and taxation,external affairs,promotion of agricultural and industrial
enhancers.
| Prof.Stiglitz,Nobel Laureate
stresses on Transparency/removing the Uncertainty, providing
Flexibility,Fairness and Economic and Administrative Efficiencies as 'Canons
of Taxation" |
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| These
correspond to our ancient methods of Taxation and time is ripe for course
correction. 'Thirukkural' and 'Arthasasthra |
impart
us with the knowledge and all important wisdom of Good Governance and
Taxation.
|
| The
collective experience of contemporary India added to that of the entire repository of
knowledge and wisdom can help us achieve this . |
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| If India has to Shine-Let us harness its Energy! |
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