How ZERO TAX countries make money? | TAX HAVENS explained by Abhi and Niyu
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- Опубликовано: 20 сен 2024
- In this video, Abhi and Niyu explore how Tax Havens make money and can India survive without taxes?
Explore Tax Havens like Dubai's financial allure in this video. Discover how these nations thrive with enticing tax policies, from zero taxes appeal to Gulf countries' strategic corporate tax tactics. Unveil the concept's importance and how state taxes shape economies, while also delving into Island nations' prosperity secrets-tourism income, investment-based citizenship, and astute property taxes. Examine Western nations' approaches like Ireland's intelligent tax strategies and how US companies' royalties benefit global economies. Concluding with strategies to fortify India's tax base via farmer transitions and vital infrastructure development. Join us to unravel the captivating world of Tax Havens, tax dynamics, and economic strategies that mold nations.
#finance #economics #abhiandniyu
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Abhi and Niyu is the fastest growing Indian educational RUclips channel. Abhi and Niyu are a husband-wife couple who believe in the power of our youth.
Abhi and Niyu started their page to talk about positive, impactful ideas and to inspire offline action from online content. It was a way to change the way our negative feeds operated and replace negative news with positive, action-oriented news that made some change. They decode and simplify issues for Millenials and believe small steps lead to big outcomes in the future. Their videos span different genres like history, environment, and sustainability, policy discussions, social commentary, economics, personal finance, among others.
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Hi my father is a small farmer
Paddy prices so chip price how to improve prices solutions and and you are video in paddy prices in india
I like taxes increase taxes but kindly increase my savings also 😅😅😅😂😂😂
Bihar me jo bridge gira hai uska sara paisa company degi kyuki vo bridge under construction tha thoda search krlo aap phele
Ek rupees v government ka waste nhi hua bihar ke bridge girne se na public ka 1 rupees ka nuksaan hua h
But jo gujrat me bridge gira jisme bouth log mar gye uska kya hmesa bihar ke bare me hi kyu bolte hai log
Truly said. Problem is not paying high taxes. Problem is knowing that the tax I pay is not getting utilised at correct places and goes in corruption.
Its political marketing investment 😅
So true
Problem is paying high taxes. Most things that improve your life come from private companies. The things that you get from the government are the ones where you are forced to buy from the government like roads, rails, etc.
If the government took much less taxes and only handled essentials like courts, military and legislation, we would have much better quality of life as private companies would compete to make a profit.
@@lostledgerbut in that sinario govt is actually working monopoly..so there will be no competition among private companies. Prices will increase severally..
🤣😆100% corruption evry citizen knows but wht to do lol
Despite paying so much tax, you can't get any work done in any government department without giving bribe to government employee.
Abhi indian gamingg fantasyy par 58 percent taxx lagaya he is sarkar ne world ka highestt 😅😅😅😅😅😅
Agree but we don't vote for party who say we will work for you without corruption
Tax is killing us
As a tax payer, I'm not asserting that we don't wish to pay taxes. However, it would be beneficial to provide additional benefits to tax-payers as they are the ones financially providing for the needs (loots) of our leaders as well.
If 20-30% of population starts paying taxes, most of the problems will get fixed automatically
Most of the government employees refund their TDS without any good reason
@@abrahamg-kc7cx We are also paying 30% Tax + cess and average 18% GST and many other taxes to the goverment.
Alteast goverment should have to provide good education and health infrastructure for every individual.
That is all we want Because privatization in education and health sector is not good at all.
@@abrahamg-kc7cx i think most people who are financially stable and paying taxes would jump to uk if given a choice!!
@@abrahamg-kc7cx look at uk and then look at india also. Major difference. Governement uses most of the tax payers money in underlying corruption and distributing freebies to different communities so as to secure their vote
We needs to focus on -
1) Controlling corruption and scams - Longer jail punishments for convictss, stricter regulations on working bodies in government departments - Proper ulitizations of government must be a priority for centre and state government.
2) Taxing farmers who earns more than 50 lakhs in profits
3) Finding ways to tax unorganised sectors individuals who earns more than 15 lakhs in profits in a year -
These inculdes - Pan show owners, Kirana store owners, Vendors & Sellors of goods with shops at some scale etc
- They will gives lakhs crores of taxes
4) Encoraging people if they earn good enough to spend back in economy as it puts a lot of money in circualtion casuing interest rates to go down if followed for long enogh period in all sectors.
सरकार को सभी सरकारी कार्यों में पारदर्शिता लाने की आवश्यकता है एक सुई से लेकर महल , पुल या जो कुछ भी सरकारी पैसे से बनता है उसकी सभी जानकारी सार्वजनिक रखने की आवश्यकता है ताकि यदि कोई व्यक्ति सरकारी पैसों का गलत इस्तेमाल करे तो जनता उसके जानकारी के साथ विरोध कर पाए।
Right
The second you say tax the profits, like all businesses these people will start showing less profits nd more deductables. There should be a tax on their revenue like the salaried class nd then income tax returns need to be filed. The slabs can be decided upon but based on revenue and not profits
@@alokapte7308 Thanks bro for correcting my mistake !!!! 👌
Population control for limited resources
I was thinking of agriculture tax and planning to write up a document to the ministry.. good to know someone else is also feeling the same way
jab bade bade tech gaints tax pay nahi karte tab theek hai kya??
Exactly what you said only 6% of India pays the taxes. We are with a population of 1.4 billion and only 6% of our population pays the taxes of these people. And these 6% people are from the private sector and job population. One of the reasons why many Indians leave India is because of tax and not good facilities. There are a lot of farmers who have a lot of property and money but they cry about taxes and injustice. Things need to be changed for greater good. Also stop giving votes in the name of freebies! In the end it's your tax! The country won't run just by giving freebies, instead of that focus on development. Thanks a lot for covering this topic. Really appreciated it!
Government don't care about taxpayers, might be because of vote bank , as most of them not able to cast their votes due to their job location is far away from voting constituency. Remote voting should be there , but then comes security. Not sure how this will be resolved, private sector people will get some relief from tax
@@sachinparate8671 We have a lot of farmers and they are a huge vote bank. They will not give votes if tax would be implemented or they will do riots. One of the reasons the government is hesitant towards taking steps. If you ask me there is no person living better than a farmer in this country. They don't pay taxes, they get relief funds and beneficiary schemes. And they generate a good amount of money. There should be a benchmark for such farmers so they can pay taxes.
@@ryuzen789did u visit any farm lands or ask any farmers what is their situation I am farmer farmer have to work day night to grow their goods
@@abhishekpawar5888 I am talking about the ones who make crores and above 50 lakhs.
Just use Punjab and Haryana farmers to be specific then. Up, Mp, Bihar farmers are barely surviving and even MH farmers have high suicide rate.
One point related to taxing the farmers is the concept of true income. Cash is untraceable. As soon as we start taxing them they will start hiding it. The first thing we need to remove all currency above Rs. 100, then after a few years 50 and later completely. When all transactions happen online, thanks to UPI, we will have end to end visibility. Everyone's real income will become visible.
My dad talks about this same thing and his prediction is that government will stop notes of 500 and 100 within next 5-10 years.
@@FOH-with-Dr.KabirManchanda highly doubtful. Politicians distribute a lot of cash during elections. I don't think they will stop doing that
YOU ARE AFTER FARMERS INCOME ?? THEY ARE NOT GETTING VALUE FOR THEIR PRODUCT AFTER LOT OF EXPENSES , HAVE YOU NOT HEARD THE SUICIDES OF FARMERS ALL OVER INDIA . THEY FEED ENTIRE NATION , AND THEY DONT GET PENSION . INFACT FARMER SHOULD BE CONSIDERED AS A GOVERNMENT WORKER . I AM NOT TALKING ABOUT FARMER LOOTING BUSINESS MEN . THEY ARE REALLY DISGUISED AS FARMER BUT BUSINESS MEN .
@@jkj1459 my dumb friend I am referring only to the rich farmers.
@@jkj1459FOR rich farmer sir .. who earn more than 1 crore in a year .. 😊
58% of people have registered as agriculture as their source of income. But most of them are not into agriculture.
True. I have seen that in real life.
elaborate pls
@@GoGnBowlTorChowrMany people do agriculture to hide their black money.These are richest among them.
Atleast 58percent ppl are smart
Hostel Or pg par bhi ab student ke liye 12 percent gst taxx laga diya he.
I have been paying tax for 8 years, a huge tax, still I do not have that much money so that I could buy a home, but the one who is not even earning is getting money from the government to build a home.
I saw some idiot asking why farmers are paying tax but not big companies.
Farmers do not pay tax. That's why even Amitabh Bacchan registered himself as a farmer. As per section 10(1), agricultural income earned by the taxpayer in India is exempt from tax. Agricultural income is defined under section 2(1A) of the Income-tax Act. Farmers are the most exempted and overrated citizen in India. They do not pay taxes, they do not even have to repay loans. But a salaried person who pays 30% income tax has to repay loan with 25-40% rate.
Then go and do that. And If you don't want to do it than don't give this judgements. Farmers hardly earns 5-6 lacs(except some farmers)
@@secretstudy07 check income of punjab hariyana farmers 🤣
You said farmers not haryana&punjab farmers. And farmers means farmers from everywhere around the world
I'll still say, farmers do not pay tax. Poor farmers do not pay tax, ultra rich millionaire farmers also do not pay tax. A salaried person has to pay tax and GST. Farmers can get 100% return on the GST. A salaried person does not get GST return on the products he bought for his job/earning like phone, laptop, internet, car, bike. A farmer gets 100% return on every item they buy for farming. Farmers could have sold directly to market. But they did no accept that law. @@secretstudy07
@@secretstudy07 that is why people ask to tax farmers who are earning a certain amount and exempt everyone else. For eg every farmer earning over 50 lakhs has to pay taxes. This naturally excluded all the small ones
Till my graduation i too have goal to become one of the good salaried person., but after knowing that 1/3 of tax on income looks very pathetic. Ofcourse its helps politician rather then needs !.My father is farmer who doesn't pay income taxes. This is what my insense pushing me through.
It's high time GOI should tax rich farmer as well. Recently we have seen how 3-4 farmers have earned more than 4-5 cr by selling tomato.
If they incurred any loses than they should get a chances to offset that loses similar to what we do in case of loses in equity or mutual fund while filing IT returns.
It's one lottery bro did u see before farmers thorw their goods because of less price even they did not get what they invested farm
@@abhishekpawar5888dosta, tyani je 4-5 crore kamvale na te tu ani me sudha nokari karun 100 varshat pan kamau shknar nahit. jar nokri karat asel tar ajibatach nahi.1 CR choti amount navhe , KBC madhe core jinkle tari tax kapun rakkam milte ti pan one lotterich na..ase kityek sadhan shetkari ahet je thode thode navhe tar 50lkhs cha profit varshala kamvatat mag tyani tax ka pay Karu naye? Ani tumhi Amhi 10 -20 lkh kMavun direct tax tar bhartoch sobat indirect taxes hi bhartoch. Pratyekachya kaminusar tax charge zhalach pahije..tax che burden fakt private sector varach ka lavycha mag..saglyana fyda pahije facility havi ahe tar tyani tax suddha bharla pahije..me ithe fakta sadhan shetkari ani chote dukandar Ani dhandewalyanbabat bolat ahe. kyupaya personally gheu naye
I disagree with you , it's government failure to not control price of tomato, so imposing heavy tax on govt own failure does not sound reasonable.
@@SUSHILYADAV-jm2ed please understand that tomato is a perishable food. You can't store it for long time or else it would get rotten and how many cold storage would required to do that do you have any idea?. Also, we know this year rain has got worst in most place and destroyed most the crops. So blaming Government for natural calamities won't make sense.
Recently, government have ban Rice export to make sure people in India people won't suffer due to low production. So they have make sure to take action where ever it possible.
@@SUSHILYADAV-jm2ed did government control petrol prices, gas or phone recharge why they have control agriculture goods, farmers doing sucide , because of less profit in agricultural,, this season tomato price increase because of low supply high demand,
In last five years UAE, Oman, Qartar have introduced 5% VAT on all Goods & Services.
From many days I was thinking about the tax on agriculture, whenever Political parties talk about agricultural revenue.
According to my knowledge, there was time when farmers used to pay taxes based on their production even during golden era of our history and india had good economy but after independence India didn't took any taxes from farmers still their condition is not good
The problem is that only 10% farmars have their own land and others are working as a labour in their land. The owners get rich and they buy those luxurious thing but called as a farmar they get exempted
I never comment on videos in RUclips… this is probably the first. You/your team does amazing work and your approach to issues is fantastic. Best of luck and keep educating India!
India should also focus on other revenue sources such as making tourism industry better than ever. This will increase the income of individuals and will definitely create more demand for goods ans services and create more tax revenue. India should focus on quantity of people paying taxes.
Yes. I used to see lot of foreign tourists at heritage town Badami Karnataka in childhood. But d trend has come down since many years
Hostel Or pg par bhi ab student ke liye 12 percent gst taxx laga diya he.
1) Remove Income Tax
2) Increase Indirect Tax
3) Whatever deficit print the money (Yes inflation will cross 20% but we will just have to adjust to this)
Indian Economy will grow 13%+ guaranteed as NRIs will flood the economy with their dollars.
1) Remove Income Tax
2) Keep Transaction tax 4% on everything.
3) Decrease Excise Duty
4) Custom Duty should be same
5) Foreign companies should be taxed
6) Corporate Tax policy
India : 2.5%
Foreign : 10% - 20%
7) No property tax or other taxes
Inflation has to be decreased
To decrease it we have to cut our debt
If tax is decreased
Per capita income and gdp will be more. And all the black money comes out. As a result we will be able to get more tax then the present tax.
There should be distribution of taxes per capita.
@@TechnologyQuest369 right
I’m Canada we pay provincial and federal tax: depending on how much you make , you can pay up to 30💯taxes
Yeah , People pay upto 42% in Scotland.
And it helps to provide public facilities.
We also pay taxes on everything we buy gst tax 13% and property taxes,( if you own property) on top of 30% from our payroll.
@@abrahamg-kc7cx i think most people who are financially stable and paying taxes would jump to uk if given a choice!!
The best thing you do is giving solutions...
Thanks a lot...
😊❤
Yes, you both are absolutely right.
Management k liye state and central government k beech co-operation bahut jaruri hai but yha toh state government ko rewariyan batne sey fursat hi nhi.
our govt charges half of the domestic air ticket fare for citizens . we pay 100 usd just to go home and visit our parents who are in the same country . (400km). govt charges 50 usd as tax for domestic airfare for own citizens . so just imagine how much they will charge for tourists. i request to include maldives 🇲🇻 in your videos next time . this place has interesting stuffs to make videos about
Moral of the story, Tax is the important things to grow Indian economy 👌
GST is gabbar singh tax
@@abhinavpawar6794 That's what helping the economy to achieve sustainable healthy growth and having record tax collections
@@Global-Netizen Andhbhakt spotted 😂😂
Bhai economy ke chakar mai hamara hi kat Raha hai
A point to Add :
Tax free countries won't invest much on Army, Space and arms research.
These countries depend on other countries arms when thr is war.
While India invest most of tax amount in research development of Arms, Army, ISRO etc.
But yes, as said in the video, the remaining tax amount can be properly managed.
Hello Abhi & Niyu. I watch your videos daily. I do miss some but I do watch as much as I can. So in this video when you said About taxes on Agriculture, I think you should have also mentioned about what was the Agriculture income recorded for last 3-5 years so as a viewer I have a gist of what figures we are looking it. I might be wrong here but these are just my thoughts.
Thank you for creating quality and super informative content. Keep up the good work. Is Desh to apke jaise crisp clear clean information conveyors ki zarurat he.
You think this would be really cheesy but yes ye cheez muje aap take pohochane see farak padtha he :)
You guys define every topic very well, doing great ❤
My law teacher once told me:Law(kanoon) sirf ameer logo aur company ke liye bna hai.
7:58 it is basically a scam but company has some benefit in law for saving tax. It is pure legal.
New tax law should be ammended/modified accordingly to the companies and citizen living in the country.
When the tax is calculated on slab basis how its gonna be 4 month's salary 🤔
India mai toh impossible ka shabd he nhi hai....bcz it's an developing country...yaha paiso ke kami nhi balki buddi ke kami hai😂😂
Bhai population also effect on incometax ...😂
@@nimishgupta5813 bhaiya nhi yaar 🥲 I'm a girl
@@ryzen_Op. par sabhi taraf se dekhe toh sara paisa govt. ko he jayegana😅😅
True hamare yaha sawal pucho to wo hum khate hi nahi hai 😂
Beta singapore garib desh tha tab bohot kam tax leta tha tab jake vaha company's set up hui or country develop hua
Your content is so simple and connecting. My grandma who who don't know anything about taxes and all also liked this video.
Aur y complement aapko dene se mujhe farak pdta h 😂❤
Consistent videoes from you guys is a blessing. Please keep uploading.
Hello, thanks for the video. But just a small correction Netherlands is not a tax haven nation. For example employee is charged around 32% taxes on salaries. So it’s not a tax haven nation
"Your content has truly changed my perspective and enriched my life. Your passion and dedication shine through every video, making it an absolute joy to watch and learn from you. Thank you for being an inspiration! 🌟🙏"
UPSC crack karlega?
@@rascal.elder6594 bro your name suits your mindset
I spy chat GPT
More than 30% of tax payers money goes to politicians, bureaucrats, government servants and corrupt public works company/tenderers
And your comment made my day!
Abolish Income Tax and levy 1%BTT with 7%Gst on all including fuel while simultaneously pronouncing to gradually in 2 years remove high denomination currency's without affecting informal sectors
Hi Abhi and niyu
Can u pls make a video on fundraising platforms like Ketto/ Milap etc .?
Are they 💯% genuine or fake ?
Should we make donations through them or not ?
Agriculture income tax should be imposed but also farmer should be paid atleast 1.5 times to his produce even if the food is surplus. Also weather unpredictability and his loss should be covered under insurance. Meaning Farming should be made easy and less risky
Very good content as always. I wish indian government watch this and take some points into consideration.
Btw tax payers are increasing every year but you got valid point. I am one of the 6% people paying tax and I hate the injustice in the Indian taxation system. Wish you luck and hope you grow fast and reaches many more
Dear sir if u use only cash then u can save this 6℅also sad reality of india.. 😢
Hostel Or pg par bhi ab student ke liye 12 percent gst taxx laga diya he.
Fanatasyy gaming par 1 oct se 58 percentt taxx lagaya he is sarkar ne 28 percent gst and 30 percent tds. Jo ki world ka highest he 😅😅😅
Mpl jesi gamingg company ne 350 logo ko job se nikal diya he. 58 percentt taxx ke karan. Gamingg fantasyy industry me kai jobs jane wali he aane wale time me.
I wish government apka ye video jarur dekhe👍 you are doing such a great job 🙏
In this era of super high
inflation where there is
no pension,no welfare
schemes still FD rates
are very low which was
12-13% during 2012-13
when inflation was not so
high but now despite being
high inflation there is no
relief.
If you term current inflation as super high, then 2010-13 would be super super high pro max inflation. FD rates would definitely be such high, when you got inflation in double digit during 2010 beginning
@@Global-Netizen Gawaar spotted
@@Global-Netizen Rs.2 has been credited in your account by BJP IT cell!!!!
Keep it up Guys we are with you!
One thing i that i wanna ask to you be honest can you make a vedio about 2024 election prediction and in past 5 years what does ruling party do that i have to say that i goona vote to them again.
Happy Independence Day!Jai Hind Jai Bharat!
You both are just great 👍 making good stuff video on very nice topic 😊❤
Aap Jo bol rahe ho woh bhi sahi hai, Lekin financially socho, Karjmafi karna, Awas, Girls ke liye policies, Naya Infra structure, specially Tremendously Increased , Population sabse badi problem lag rahi hai, ab Isko control karna Important hai, Ispe aap ek Informative video banayiye, Bahot important hai.
another video idea can be - Can Indians get/ buy citizenships in other countries? like these Islands nations?
Yes, infact some carribbean islands are visa free for Indians. Though their aren't any direct flights.
FDI is a far-fetched thing. Only 10% of India's citizens pay taxes, that also mostly the middle class salaried persons. Even the rich farmers are exempted and businessmen are excused for tax evasion. Why should there be an income tax when already there is GST? What extra social security govt is giving to people who are paying taxes?
The best alternative to Income Tax is a Land Value Tax. LVT is called the perfect tax for a reason. Please make a video on this topic!
बहुत सही सलाह है आप दोनों की भारत के सिस्टम को 1 कदम इसी विचार पर बढ़ाने चाहिए, ताकि टैक्स देने वालो की संख्या बढ़ सके |
Very relevant topic! Thanks 🙏
...also, how/ what % of tax collected fr one zone/ state is ploughed back to that zone/ state has to be transperently stated! Citizens should hv the right to information and this aspect should be declared every quarter by all govts - Centre and state ( barring which relate to national security) ...
Very well said!
ain't gonna happen
1) Lord Macaulay impact in Indian education system
2) how improve Indian education system
3) Sex education important or not
Place make video on that topic
Abhi and Niyu, in the Gulf there is VAT and municipal taxes too
VAT is not a direct tax. It's indirect tax. 😂😂😂😂😂😂😂😂
feeling goosebumps in every video when u say. aur yahi baat ,aap tak pahuncha ne se.. MUJE FARAK PHADTA HAI
Congratulations in advance for 5 million fam ❤️
You guys are the only sensible youtubers India have. I feel proud/glad to subscribe you
actually most of the ppl and charted accountants search ways to evade taxes in all possible ways. this is because of higher rates of taxes... if the rate of taxes comes down, the number of tax payers will also increase. everyone wants to be relaxed by paying a small or simple amount of tax and no one wants to evade it. this way number of tax payers will increase a lot from 6%. taxation is right but heavy taxation is wrong.
You are right, this was the law of Chanakya
“Problem is not we are paying high tax. Probably is we don’t know that tax is spent at right place or not.” For addressing this RTI act was introduced, but some people are too much busy with hate politics that they are not utilising RTI.
Thanks team for making the video on this topic, topics raised by RUclips channels like this will definitely bring attention and I hope in future our government will come up with the solutions on this critical concern.
The simplest and most painful aspect for a Taxpayer is that he or she does not get anything for the Tax they pay.
The Nation's Taxpayer is merely a source... THAT Hurts.
Our problem not paying taxes our issue is not getting any benifits from Government in return
True that
If you want benefit which is not under government control, its just not possible. Central govt use taxes for building infrastructure in highways, airports, railways, education, defense. Now, most taxpayers cry of local roads in bad condition, always filled with potholes. And that's not under central gov.
@@Global-Netizen Does our tax money goes to Central Government only and not to the state government??
@@Global-Netizen 10 year old kidd spotted
@@Global-Netizen That's not how it works kiddo
5:25 aise hi sirf investment se citizenship de dena national security se compromise krna nhi hoga?
You guys should be the adviser to the prime minister or probably try politics, need some sorted leaders like you people!
Pm ko advice.. feku chachu bolenge .. Pakistan chale jao
😅leaders don't work intentionally, though there are more intelligent officers.
@@randomperson000 modi never left intelligents .. makes everyone andhbhakt. Whether anybody .. ias or ips
As a tax payer I can say that even after giving so much tax we are not getting enough securities , like gud roads , healthcare system etc but we are getting broken roads and bigger bills of private hospitals. If we are giving taxes then spend those taxes on govt infrastructure. But govt is trying to sell everything so whom are we giving taxes if they are not gonna spend a single penny infrastructure...
Love & respect from WB❤
If people from agricultural, transport and industries pay appropriate taxes then millions of skilled formal employees will see a slight reduction in taxes but taxes coffers will be set ringing. Niyyat is required to show/educate how policies will work and how they will help india propel to 10 bn $ economy and household incomes raise to over 7k$ on average. Niyyat means intention... An intention for sabka vikas.
What about the celebs..bolly celebs who buy property with complete mislead information..like suhana, Shahrukh's daughter bought properties by showing herself as farmers...
These celebs buy huge properties unethically so that they could avoid tax
its not illigal
There were no taxes in the world thousands of years ago. British or European countries introduced taxes. Do you believe that America did not have any taxes before british went there?
Most of the big agriculturists are Politicians. Do you really think politicians will put higher taxes on themselves?
Tax remove kar dege toh India mai corruption kaise bageda. 😂
Damn the solutions!! 💯
Just 6.25% of us pay taxes and loads the burden of the whole country's development on the shoulders. And then ironically who don't pay taxes starts the blame game on the country's development. Also around 60% of people are just saved from paying taxes just like that! I mean what even!!?
BTW thanks for the informative content. I hope it reaches everyone and open their eyes!✨
Who told you that only 6.25% of us pay taxes?? 😂😂😂😂😂
WhatsApp University Topper spotted 😂😂😂😂😂😂
100% people pay taxes i.e., each and every person living in India pay taxes.
There is a difference between direct and indirect taxes.
6.25% pay direct taxes but 100% Indians pay indirect taxes.
So mind your words.
It is mandatory to one nation one Tex and everything❤
I think if we're taxing agricultural income we should also give them compensation if their crops are destroyed by disasters.
Jay hind jay bharat ❤❤❤
For “Citizenship by investment” to be a thing in India, at least two things have to change
1. India should allow multiple citizenships. If not, why’d somebody want to leave their citizenship to become Indian citizen?
2. India’s passport has to get stronger. I’ve seen your video on this topic already. Hope India’s foreign ministry will take some concrete steps to improve the passport ranking that can attract more people to consider becoming Indian citizens.
in my view, in order to increase the tax base from current 6% to higher number is to make sure weencourage people to pay taxes and this activity requires to be incentivized. because for a good activity to continue for a longer time incentivizing it is the key ....Govt only gives appreciation certificates for only high tax payers but not to all tax payers..so this could boost the tax base.
Secondly, India can learn from UPI success ..UPI was a success because its free and made sure entire India was bought into digital inclusion and are bankable.....same way Govt shud reduce taxes to boost the investments, consumptions and make it a habit and then after start to slowly increase taxes again .....
and thank you Abhi and Niyu for wonderful explainer
Guys, you are amazing.. thanks a ton for working hard and bringing all the hot topics which should be discussed on all the media platforms..
All we want is good healthcare, clean water, Excellent Road (without distributing license like a ration card), top notch public transport and beautification of cities.
India would truly transform if it could get minds like you in politics.
1. make ministers also pay taxes
2. any insfrastructure damage should be bear by minister, bureucrat and the company who has taken the work. Any infra made by them should update about the guarantee of work (min. 5yrs).
3. Higher income entities like BCCI ,Entertainment industry people should also be made to pay more tax.
4. Rather than govt favoring certain business they should have a more open approach
I completely agree with the point of charging the agricultural sector beyond a certain bandwidth! It is extremely imperative!
I am in that 6%, who pay direct tax. 30% of my salary as direct tax and 20% for GST so that India can grow.
Aacharya Chanikya in Kautilya Shashtra said that a King should Tax its citizen just as honey bee takes honey from a flower, so small that it fulfill the honey bee at the same time does not deprive the flower from honey. India's tax law does not follow this philosophy but eventually for every nation to rise economically today or tomorrow they have to reduce the burden from common citizen, else nation cannot progress.
As gst /vat collection improves, income tax and becomes redundant. FYI, govt doesn't need taxes. You don't know the agriculture issues. You can easily ruin it by taxing them.
As matter of fact , even when 6%of people come under tax bracket, how many of them pay?
And being Indian how many want to pay?
If we try to understand the crux of the matter we can easily say that people aren't going with tax planning but chossesing tax Evasion which is not legal.
So, its better to educate people how the taxes are collected and used even when they don't tend to pay, the ultimate problem is with people exposure to tax knowledge and structure In india .
You Both are doing very excellent work 🎉 👏 👏 Stay blessed forever Abhi niyu🙏
In USA there are 3 types of taxes Federal, state and local
Absolutely, integrating financial education into the Indian education system from an early age is essential. It would empower children with crucial life skills for managing money and making informed financial decisions, so people will know about taxes and it would directly or indirectly be beneficial to the country. A financially literate population can contribute to a stronger economy and better fiscal management.
Two issues
One charging agriculture tax will cost the loss of vote bank for any ruling government. Even if you tell it will be only for rich farmers.
Secondly, transparency in tax system is highly debatable. Honestly citizens of India are trained to evade taxes.
Abhi & niyu : india should reduce tax
Government: 28 % tax on online gaming, 10 % gst on hostels, 18% gst on books.
In so called golden era india's tax collection breaks record, but where it is used, that's the question.
The topic covered very well ❤
Totally agreed with the points discussed in this video. And also its not a relevant to compare indian tax laws with other countries India need to serve billion people, so there is no way it is going to be tax free. Second some bold moves need to be taken on tax laws not politically. "Economics and Politics dont go hand in hand".
And these high taxes is anticipated, govenment being the largest borrower of this country they also need to return to their debt. And they can't print notes that would worshen the condition even more. Everything is interrelated.
This is my basic understanding.
Learning about how all these things work.😊
Informative Video.
Tax must be 50% in India with no healthcare support or no Social security by government
After that
Give huge tax rebate to Big industrialists and Corporate houses
Sir you make a video on Swami Vivekananda. There are many things that many of us do not know about Vivekananda. For this you can use the Bengali book of "aochna aojana Vivekananda" author Shankar. Here we know Vivekananda anew. All information is logical.
Freebies is good and necessary for welfare at grassroot level, sometimes do research at ground level.
भाई हमारा जो टैक्स सिस्टम है और अगर हम उस सिस्टम को चेंज करें और नया सिस्टम लेकर आए तो उसमें क्या चेंज होना चाहिए
We pay property tax 10 lakh rs per building per year. But we don't have footpaths, or good roads or escalators on bridges..most footpaths part of road is encroached but but we property tax payers have to follow BMC laws , can't build even foot extra but outside our building one can encroach footpath in Mumbai..
Wonderfully explained..
Sir, I recently moved to Dubai and got to know that becoming Tax Free country is a masterstroke plan to attract foriegn investments. People (specially Indians) are very happy here because of no tax, luxuries and diversity. But reality is they have big houses in India, here they are forced to live in small flats due to high rental rates. Weather is very unpleasant compare to India. Disaster Management of India is way better than of UAE. Coming back to Taxes, when I analyzed, Rulers are very smart and they take back amount equivalent to Taxes in other formats by expats like emirate ID card fees, huge parking charges, driving license and many other little taxes and fines. It looks small but if you add-up everything, you end up paying more than 30%. We have to change our mentality w.r.t. population as we consider it as burden but it is one of the biggest assest, just need to utilize it
Money management ?? Would love to c the video Y politician use money for Der branding ..
there should be tax on agriculture income above 1 cr
You have pointed correct thing. Goverment should charge taxes on farmers who are earning more than 50 lac or 1 cr. I am working in private sector and our company owner has agriculture land and they are showing company's income as income from agriculture and taking benifit of tax exemption.
INDIA ME SABSE JADA TOH AGRICULTURE FARMER HE RICH HAI BUT VOH SHOW NHI KRTE KABHI.....AUR EMPLOYEES UNKA SBKA TAX BHARTE REHTE HAI...THIS IS TRUTH❤❤
you guys are GEM for Us.
Good Video you can remove all taxes, because now a days everybody are using digital payment, so by removing all taxes, my suggest is to implement BTT Tax only that is bank transaction tax, so the govt is also benefited and also it lowers the burden on tax payers. Thankyou and your videos are very good.
Political Corruptions bahut zyada hai india mein, us par bhi ek dedicated video hona chahiye. Wo hamare economy par bahut zyada impact karta hai.