tag:blogger.com,1999:blog-3623132.post111562198337600941..comments2024-03-29T14:50:14.174+05:30Comments on Exploring The Future of Work : FBT - Not directed at big businesses?Gautam Ghoshhttp://www.blogger.com/profile/04691216163099240523noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3623132.post-1115655773513553732005-05-09T21:52:00.000+05:302005-05-09T21:52:00.000+05:30I hope he had done some general reading, in which ...I hope he had done some general reading, in which case he would have learned of the saying "cutting off one's nose to spite one's face" or "throwing off the baby with the bath-water"<BR/>The impact of this move, both in terms of direct costs, as well as indirect costs will be huge for Indian industry, and I am not taking into account the damping effect it will have on the economy due to reduction in the expenditures on travel, entertainment etc. An example of the foolishness of this tax is that it penalises the BPO industry, which has a huge expense on travel due to the need to provide transport for their employees, something that is done only because the government is unwilling to exert itself to provide a proper public transport infrastructure for industry, as well as outdated labor laws that require employers to provide transport for women who are required to work the evening or night shifts. <B>So first you make BPO's spend on providing transport and then you tax BPO's for the same!</B> The world is moving to a lower tax-regime, our government is increasing taxes! If Chidambaram is so keen on ensuring that no one misuses tax-loopholes, <B>why does he not start levying income-tax on farm income?</B>Anonymousnoreply@blogger.com