Reduction in marginal rate of interest for an individual entrepreneur is desirable as currently it is 42% as compared to 15%, 25% for corporate entities, and 35% for partnerships. This leads to cheating by tax payers. If this anomaly is corrected and all taxes are brought down to 25%, then collections will almost double, as direct tax collections increase when taxes are reduced. Secondly amount needed to be invested in the economy needs to be doubled to get into double digit GDP growth in the next 3 years. To achieve this investment has to come from the government, the private sector.
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