Proposal Benefits

Proposal Benefits

• Adequate revenue with Government through Banking Transaction Tax.
• Government debts will be recovered.
• Decentralized revenue availability at all government levels
• Empowered Government - Cleansed political system
• High value cash transactions not possible.
• Opportunities for fake currency eliminated.
• Black money is eliminated.
• Banking revenue increased, cheap & ease of capital supply with interest rates as low as 3% for all types of loans
• Sufficient and appropriate subsidies will be given
• Tax burden relieved.
• Purchasing power increased across society.

Possibilities

• Building individuals credibility.
• Social security for every individual.
• Industries growth will boost.
• Employment generation.
• Prices will fall down appropriately.
• Opportunities for corruption eliminated.
• Dependency on anti-social industries will not exist.
• Business's focus shifting to innovation from Tax manipulation.
• Globally competitive business possible

Details on benefits

• All existing taxes are replaced by a single transaction tax on banking transactions.
• High denomination currency (say above Rs.50) is abolished.
• A legal provision is made to restrict cash transactions to say, Rs.2000.
• All existing high denomination currency gets deposited in the banking system and a transaction tax is deducted on it.

For More Details http://www.arthakranti.org