Re:India's Misguided War on Cash
by mangamadaiyan on Tuesday November 22, 2016 @02:42AM
(#13012371)
The tax isn't on cash. It's just regular tax - sales tax, or income tax, for that matter. Some businesses pretty much run on cash payments. That way, they can store the cash physically, and not pay tax on it. The "crackdown" is to basically ensure that this happens no longer. The intentions behind it seem to be good (from my limited viewpoint), but I guess the implementation could have gone better.
[ Parent
| on HN ]
There are no comments on this comment yet.