The government’s philosophy of taxation was to burden the poor and pat the rich. Corporate taxMr. Chidambaram quoted the Chief Economic Advisor saying that two things worried him: fall in savings and fall in investments. “Corporate Tax is expected to grow next year by only 10.15%. Income tax is expected to grow by 19.88%, but GST is expected to grow by a whopping 67%. You have taxed income tax, individual households, but you have given relief to the corporate sector,” he said.

Source: The Hindu February 08, 2018 16:30 UTC