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Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

tax cut, corporate, investment, investors, taxes, india inc, company, firms, revenue, loss, profit, credit
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Nikunj Ohri
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

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