..., 1977). As noted earlier, objections to the expenditure tax have focused primarily on implementation. Besides the previously mentioned assessments by Pigou and Thirlwall, Musgrave′s (1957) review of An Expenditure Tax, scholarly works on the income tax by Goode (1967 , 1976...

...J. Ram Pillarisetti Argues that direct tax reform in India should include elimination of income tax and capital gains taxes. Presents an analysis of how the unbelievably high direct tax rates over several years, coupled with several types of controls, drastically distorted the price and incentive...