This refers to the report "Legitimate demands not tax terrorism: FM" (April 7). While the government is moving fast with reforms, greater significance needs to be given to promote domestic savings, investments and inflow of foreign institutional funds. This requires an investor-friendly tax system, which must be easy for the taxpayers to comply with. We need to revisit our tax system and structure to look for reforms to augment the propensity to save and invest. Besides, the tax structure should be transparent and authorities must aim to levy taxes without any chance for corruption, favouritism and disputes.
V S K Pillai Kottayam
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