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#FinanceMinister has today unleashed the best shot so far in #Modinomics!
This is a Yug-parivartan move. Endless dimensions on which #NewIndia will be rocketing up now! 1/n
This is a Yug-parivartan move. Endless dimensions on which #NewIndia will be rocketing up now! 1/n
The battle on Black-money waged by @narendramodi Ji will now find a long term leash! No one was born to be a thief. High taxes motivated people to be. That motivation is diluted big time today! An honest, compliant, economic powerhouse of a #NewIndia is now enabled. 2/n
Everyone getting amazed that this Govt. is ready to earn less and spend more is totally wrong. #Modinomics magic is not yet understood. Laffer Curve clearly stands proven over 100s of years. Convexity of Tax-collection to Tax-rate is well know. 3/n
Total taxes collected actually go up when tax rates are reduced. The attraction of black-money is reduced big time with today's move. The headache of handling unaccounted wealth is much more from today. 4/n
A straight forward the reduction in 10% almost of corporate tax creates a straight jump of 20% almost,in the net present value of enterprises by the DCF method assuming this is a permanent cut. 5/n
Tax Collection too is a competitive business. @narendramodi sarkar today stands taller in Global Competitiveness of taxation! Incentive for MNCs to choose India as a preferred tax jurisdiction rises manifold now. Transfer Pricings will be much more benign to India! 6/n
#NPV or Net Present Value of all new Projects in India jumps up big time with this cut. An unimaginable flight of capital into India is about to begin. #MakeInIndia will take mighty mighty wings now! @narendramodi Ji's dream of India as world's factory is now real! 7/n
The massive wealth effect as well as Income Effect in individual hands will escalate, multiply & magnify the Economic Multiplier. Velocity of our Economy will shoot up. India will Earn more, eclare more income & Govt will actually collect more taxes, in time. 8/n
This move by #FinanceMinister is of a magnitude of restoring the glory of our Civilization. Yes @narendramodi Ji worshipping Mahalaxmi is now much more legitimate. Sons of the Soil Earning More will be celebrated!
#Vandemataram #NewIndia is unstoppable now. #IndiaMeansbusiness.
#Vandemataram #NewIndia is unstoppable now. #IndiaMeansbusiness.
