Prior to liberalization, tax structure was highly complicated and evasive. Fearing a heavy burden of taxation it promote evade the payment of tax, so tax reforms become essential for the Govt.
Why the requirement of fiscal reforms arose under liberalization?
Answers
Satish
Prior to liberalization, tax structure was highly complicated and evasive. Fearing a heavy burden of taxation it promote evade the payment of tax, so tax reforms become essential for the Govt.