As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare.
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"As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare." — Piyush Goyal #moneywealth
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As more and more money is coming into the formal economy, one can look at more attractive tax…
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As more and more money is coming into the formal economy, one can look at more attractive tax rates and lower tax slabs. Even if half the people who were in the informal sector move in to the formal economy and more taxes get collected, more money can be spent on the welfare. — Piyush Goyal
About Piyush Goyal
Piyush Goyal was a Politician from India (1964–2017).
Frequently Asked Questions
Who said "As more and more money is coming into the formal economy, one can look at more…"?
This quote is attributed to Piyush Goyal, a Politician from India.
When did Piyush Goyal live?
Piyush Goyal lived from 1964 – 2017.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.