View: Curbing the natural instinct of our entrepreneurs to create generational wealth is not a solution
One of the arguments advanced for the levy of inheritance tax is that countries like the US do so. Without getting into intricacies of the US Estate Tax, we need to recognise that developed countries have different imperatives, have a different social framework and, most importantly, are at a different stage of their economic journey compared to India.
Draft Direct Taxes Code Inheritance Tax Wealth Tax Wealth Distribution Sam Pitroda Lok Sabha Election
Source: indiatimes.com