The government’s revenue needs for increased expenditure in the next fiscal year should be met through increased tax collection, fuelled by economic recovery, and improved technology-driven enforcement instead of a new tax, revealed findings of a poll conducted by KPMG.
However, around 29 per cent of the respondents expect a new Covid-19 cess on existing taxes. The government is expected to lift its expenditure to fuel growth, at a time when the economy is set to see its first contraction in decades.
Due to the financial impact of the pandemic, a majority of respondents of the poll expect an increase in tax