India's Taxation System Praised: Best in World - Lok Sabha Speaker
By Rediff Money Desk, New Delhi Dec 03, 2024 22:28
Lok Sabha Speaker Om Birla hailed India's taxation system as the best in the world, citing its transparency, rule of law and stability. He highlighted recent reforms and the ease of doing business it brings.
New Delhi, Dec 3 (PTI) India has the world's best taxation system, characterised by transparency, rule of law and stability in tax policies, Lok Sabha Speaker Om Birla said on Tuesday.
Due to these policies and laws, companies and people from around the world are eager to invest in India, he asserted.
India has emerged as a favourite investment destination for global investors due to its stable tax policy, Birla said during an address to officer trainees of the Indian Revenue Service (Customs and Indirect Taxes).
Referring to tax reforms, particularly GST, Birla highlighted that recent measures had simplified taxation and brought ease of doing business.
Parliament and government have periodically made improvements to the taxation system, which is why India's taxation system is today considered one of the most transparent and reliable in the world, the Lok Sabha speaker observed.
Due to these policies and laws, companies and people from around the world are eager to invest in India, he asserted.
India has emerged as a favourite investment destination for global investors due to its stable tax policy, Birla said during an address to officer trainees of the Indian Revenue Service (Customs and Indirect Taxes).
Referring to tax reforms, particularly GST, Birla highlighted that recent measures had simplified taxation and brought ease of doing business.
Parliament and government have periodically made improvements to the taxation system, which is why India's taxation system is today considered one of the most transparent and reliable in the world, the Lok Sabha speaker observed.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.52 ( -8.77)
- 55285518
- Vodafone Idea L
- 8.07 ( -2.42)
- 34584307
- G G Engineering
- 1.04 ( -1.89)
- 10071638
- Standard Capital
- 0.79 ( 0.00)
- 9971293
- YES Bank Ltd.
- 17.46 ( -1.19)
- 9343371
MORE NEWS

Infosys Postpones Trainee Assessments by a Week
Infosys has deferred internal assessments for trainees by a week amid recent layoffs of...

Noida Airport Partners with Kyndryl for Tech...
Noida International Airport has partnered with Kyndryl to manage its technology...
ASCI Flags 413 Offshore Betting Ads in 2025
The Advertising Standards Council of India (ASCI) flagged 413 offshore betting ads to...