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Covid-19: Taxmen suggest 40% tax on super-rich, higher levy on foreign cos

The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic'

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BS Web Team PTI New Delhi

3 min read Last Updated : Apr 26 2020 | 3:18 PM IST

A group of senior tax officers has suggested a super-rich tax and a higher levy on foreign companies to keep the cash till running as part of short term measures to help the government fight the coronavirus pandemic.

The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic', submitted by the Indian Revenue Service (IRS) Association to CBDT (Central Board of Direct Taxes) Chairman P C Mody.

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According to the paper, dated April 23,

Topics : Coronavirus CBDT Income tax collection income tax returns super-rich healthcare technologies Healthcare in India

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