No shame in high income, Chidambaram tells 'super rich'
Saturday March 2, 2013
Two days after P. Chidambaram announced a 10 per cent surcharge on the income of individuals earning more than Rs. 1 crore in his Budget for 2013, the finance minister told NDTV's Vikram Chandra and Shweta Rajpal Kohli in an interview on Saturday tha...
Budget 2013 seeks to attract investment while maintaining moderate tax rates
Friday March 1, 2013
With 2014 elections only a year away, this Budget was expected to be populist. Credit should be given to Finance Minister P Chidambaram to have stuck to his own motto of pursuing a clarity in tax laws, a stable tax regime, a non-adversarial tax admin...
Budget 2013: New tax proposal disappoints super rich, mobile phone lovers and smokers
Thursday February 28, 2013
New tax proposals including 10 per cent surcharge on super rich and higher duties on mobiles, cigarettes and SUVs will help government garner Rs 18,000 crore in 201 3-14.
Budget 2013: Super-rich to pay more
Friday March 1, 2013
"I believe there is a little bit of the spirit of Mr Azim Premji in every affluent tax payer," Mr Chidambaram said, referring to the chairman of Wipro, one of the richest men in the country and also known for his philanthropy.
Thursday February 28, 2013
Finance Minister P Chidambaram has proposed an additional tax for the 'super rich'. Following are the highlights on how the Finance Minister has juggled with various taxes in his Union Budget 2013.
Higher taxes on super rich will affect biz sentiment: Assocham
Sunday February 24, 2013
Industry chamber Assocham today said any move to impose higher taxes on super rich will hit business sentiment amidst economic slowdown.
C Rangarajan for higher taxes for super rich
Saturday January 5, 2013
Pitching for higher rates of taxes for super rich, Prime Minister's economic advisor C Rangarajan today said that the forthcoming budget could look at imposing surcharge on income above a threshold.
Super rich hold $32 trillion in offshore havens
Reuters | Monday July 23, 2012
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.
