Lot of comments on the direct tax "ideas", which are troublesome. But there's some good points too. (1/n)
* Delayed TDS payments for some sectors
* Advance tax payments to be backloaded
* Tax holiday / breaks for healthcare
* 50% households get basic income for 6m (2/n)
* Less corporate tax for companies suffering revenue loss
* More tax breaks for property purchases
* Tax relief for those who lose jobs
* "Google tax" which is inevitable globally (3/n)
The problematic part is how to fund this government intervention. That's where Covid cess over 10L, wealth, inheritance tax, 40% marginal rate etc come in. (4/n)
How and why did this document come out is a classic Delhi intrigue. Trial balloon or embarrassment? Leak or feedback? Only insiders will know! (5/n)
Not the time for FO-ing the 'Rich Criminal Entrepreneurs'.
With inputs from @vk80 and @kshetragnya (n/n).