ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Presumptive Direct Taxation-Lessons from Experience in Developing Countries

Lessons from Experience in Developing Countries Indira Rajaraman Presumptive norms can be used either to generate estimated income actuals, or potential income in terms of what is possible with average effort This paper reviews their use in both forms as a base-broadening accretion to the structure of conventional income taxation in place in less developed countries. The paper covers both schemes that are not sector-specific, such as minimum asset-based taxes on corporate entities, as well as sector-specific levies on the hard- to-tax sectors of agriculture, small business, and self-employed professionals. The purpose of the exercise is to extract lessons in terms of both design and administration for India, which is engaged in a process of seeking sustainable fiscal correction as a part of the stabilisation and reform process begun in mid-1991.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top