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Union Home Minister Amit Shah criticized the Congress, stating that Sam Pitroda's remarks on advocating for an inheritance tax law have exposed the party's intentions. Shah highlighted Pitroda's comments as evidence of the Congress' agenda for wealth redistribution, citing past statements and the inclusion of a survey in their manifesto.
PM Modi attacked Congress on Sam Pitroda's remarks, saying the party's dangerous intentions are coming out in the open.
Inheritance tax in the US is applicable when the person who dies passes on assets lived in one of the six states. It is the state where the decedent lives, and not the beneficiary, that determines if an inheritance tax applies. It is currently imposed by six US states. Iowa, however, will abolish it by 2025
The inheritance tax was scrapped in 1985 for failing to achieve objectives of reducing the unequal of wealth distribution and assisting states in financing development schemes | Latest News India
Indian Overseas Congress chairman Sam Pitroda pitched for an inheritance tax in India on the lines of the one in United States, saying the country should benefit from the wealth of the super rich