Quite clearly, the corrupt and the fixers will have a field day fixing the system while the honest will be penalised. More than the increase in the tax burden, the FBT is also reflective of a mentality that is not healthy for healthy growth of markets. Since 1991, businessmen and tax payers have often heaved a sigh of relief as successive finance ministers have made brave attempts to simplify the tax regime and adopt a less adversarial stance towards them.
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Source:- IIPM Editorial, 2006
