TAX REFORMS AND EASE OF DOING BUSINESS: AN INDIAN PERSPECTIVE

There has been a lot of tax reforms both direct and indirect, implemented in India in Current decade and these have substantially changed the business scenario and improved India’s Rank in Ease of Doing Business report released by World Bank every year. India’s rank during last five years has improved from 134 in 2014 to 77 in year 2019. But when we look at the indicator wise increase in raking it shows that even after implementing so many tax reforms in past few years Change in Paying Taxes indicator has improved marginally just from rank 156 in  2014 to just 121 in 2019 which is comparatively smaller than its overall ease of doing business ranking . Indicator wise analysis shows that still a lot of efforts are required in Tax reforms which still are unaddressed in GST and other Tax reforms. Suggested that as per global best practices of sub indicator of Payments (numbers), Time (Hours per year), Total tax and contribution rate (% of profit) and Post filling index (0-100) needs reforms to increase India Competitiveness in Global Business Ranking.

KEYWORDSTax Reforms, Impact of GST, Tax Reforms, Competitive Environment, EoDB.


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