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DANIELLE PIETERS

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bussiness chaos, after India rolls out tax reform.

15 Oct 2017, 16:04 Publicly Viewable

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The citizens of India braced themselves as the prime minister of India introduced the largest tax reform in die history of the Indian tax. Although it is expected to increase the governments income and expand the Indian tax base it still would have short term complications. for example businesses are easily confused by too complicated tax systems and strikes broke out because of this incredible change in the tax laws. 

Hours before the tax reform was launched, the tax rate reduced from 12 to 5 present. all through India less than 1% pay income tax and citizens are unhappy as the t will change and many people would be paying tax for the first time.