Key Terms
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Tax Expenditures |
It does not relate to the expenditures incurred by the Government in the collection of taxes. Rather it refers to the opportunity cost of taxing at concessional rates, or the opportunity cost of giving exemptions, deductions, rebates, deferrals credits etc. to the tax payers. |
What does it Indicate? Tax expenditures indicate how much more revenue could have been collected by the Government if not for such measures. In other words, it shows the extent of indirect subsidy enjoyed by the tax payers in the country. |
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Tax Incidence |
A tax incidence is an economic term for the division of a tax burden between .... |
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Indian Economy
- 1 Viksit Bharat@2047 & $5 Trillion Economy Roadmap
- 2 GST: Current Scenario, Impacts & Concerns of States
- 3 Debt Management
- 4 Informal Sector Inclusion in GDP
- 5 Rising Income Inequality
- 6 Inclusive Growth in India
- 7 Potential GDP: Determinants and Hindrances
- 8 Rising Employment Gap despite Strong GDP Growth
- 9 India’s Economic Growth: Key Statistics & Trends
- 10 India’s Export Competitiveness
