Taxation
has been around in various forms for a very long time, first tax was introduced for crossing the territory. All traders had
to pay to use route and were a dictatorial practice of levying. Step by step tax system became boon for social cause and development
of the regimes and their population began. For more development more funds were required so more taxations were introduced
in the form of direct and indirect taxes.
When
a person pays from ones pocket means one wishes to escape hefty taxes and likes to pay as less as possible, that developed
corrupt systems also. This system began to give birth to black money. No country is escaped, it was little before but in this
present world the black money in circulation is nearly no less than 2-3 times as far as I feel. Most these are either invested
on properties, luxuries or some banks or countries which help maintaining secrecy. Some countries have more and some less.
Especially developing countries have been affected by this virus fueled by corruption. Excessive of corruption has made accumulation
of black money as common. Each day we can see in TV and read news paper at least 3 or 4 cases of corruption cases. If all
unaccounted money is brought to account will change the social pattern, collected from this amount will be enough to upgrade
societies. Accumulation of black wealth is bad for any economy. Measures should be adopted to make friendly atmosphere so
one is encouraged to avoid black money. Governments can take back unaccounted money (if not earned through corruption or other
illegal sources) ok come give back to us your unaccounted money with nominal penalties or invest in long term social sectors
without penalties and we will also let you share some profit, this would be an encouraging step towards minimizing to some
extent.
System
of taxation is so complicated and contains many loop holes to escape. In present system of taxation if one pays heavy, one
will have no more reward for ones hard work, up to 30-40% of what earned is paid as tax especially in this competitive business
world? If we calculate an individual pays as tax up to 50% or odd, as direct and indirect taxes, apart from paying direct
tax he also pays tax for tooth paste-brush, soap, and toilet paper. If this continues one day may come (when all sources of
taxing is ended) when tax officer will be watching you how many times you pee, more you pee more you pay tax because you pee
more as you drink more and where the money comes from to drink more. So the Taxation systems should be simple and un- hurting.
Tax payers are generally treated as if they are culprits due to drawback in the system, process needed so trust the citizens.
This I have made and this I pay as tax thats all, it should be so simple. Service
class pays more tax than the business class because business class has more ways to escape. There should be system so equality
is maintained. Tax should be levied form each earning member in the population so every one is covered, further to this, incentive
to be provided to the payers such as social security, health and most important one should have right to know how and why
his taxed paid money is spent by the governments.
Corruption
plays every important role to multiply government and social expenses incurred. No country has escaped as far as I think,
some countries have more and some have less, some have corruption in top level and some starts from bottom to top. It can
even go as far as 4-10 times as corruption money is shared from bottom to top when the government has corrupt politicians
and bureaucrats. So Governments should find process as accountable and answerable for expenses of money collected as tax from
the citizens. Even present democratic political systems, election, buy and sell members or exorbitant election expenses are
very much responsible. Also
bureaucrats take advantage of lack of human rights and information to ordinary citizens. Lesser corruption is for lesser the
burden of taxes on citizens.
As far as indirect taxes are concerned these have to rational
tax system say for if you charge 2% as tax it should be same for all items and county. This
system of tax needed to be at first stage of manufacturing and nothing until reaches the retail customer in the store. So
instead of controlling all the steps only need to control one area thus have better control. In most cases irrational sales
and excise tax becomes a source for manipulation and soft way through to corruption as what is sold and what is declared and
what is approved and what share for the approval. Over 50% of manipulations happen in unorganized sectors as system is too
complicated with many loop holes for manipulations. Corruption has reached to its intense that law has become a source for
earning money, therefore, as far as possible reduce human handling to get full advantage of introduction of any legislations
or tax. For sales and excise best way to have camera operated systems for inspections which can analyze the position to act
accordingly. Solution to this is only to curtail the areas of corruption make tax laws the easiest. The more the stages of
taxes the higher the chances for the escaper and red tapism or corruption. Have
limited regulation staff but better paid so they do not need corrupt practices
Should
we not have very simple and clean system of taxation? Tax system should be so simple that even illiterate person whether doing
business or service can understand how much he earned and how much he has to pay as tax; this is friendly tax system.
No books maintainence and need to keep for long time, pay this year and forget get busy with your work.