1/
The country is moving towards the new tax regime, but removing incentives to invest is a most unfortunate side-effect.
The country is moving towards the new tax regime, but removing incentives to invest is a most unfortunate side-effect.
2/
It’s true that the new tax regime has lower rates and drastically few exemptions, which is better in theory and practice.
But it can impact people's savings and investment habits.
It’s true that the new tax regime has lower rates and drastically few exemptions, which is better in theory and practice.
But it can impact people's savings and investment habits.
3/
It's good to have the option of paying less tax without using exemptions, but taxpayers who do so will have less incentive to save.
That means fewer savings and, later in life, more financial problems for most people.
It's good to have the option of paying less tax without using exemptions, but taxpayers who do so will have less incentive to save.
That means fewer savings and, later in life, more financial problems for most people.
4/
Without tax-saving investments, people who are younger and have lower incomes, will not save at all.
That’s an unfortunate side-effect of the new tax regime.
Without tax-saving investments, people who are younger and have lower incomes, will not save at all.
That’s an unfortunate side-effect of the new tax regime.
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