Some Southern States Protest Against Their Share In The Central Tax Pool, Experts Give Their Take

Southern states of Karnataka, Kerala & Tamil Nadu have alleged unfair devolution of taxes by the Centre. Karnataka's share of the divisible pool has fallen from 4.7% to 3.6%, Kerala's has fallen to 1.9%, while Tamil Nadu's remained mostly static under two Finance Commissions. In part 1 of this two-part series, TN's IT Minister P Thiaga Rajan told CNBC-TV18 that the tax devolution formula shouldn't be set in stone, and that cesses collected by the Centre should be temporary. In part 2 of the series, Latha Venkatesh speaks to Sudipto Mundle, Member, 14th Finance Commission, Pinaki Chakraborty, Economic Advisor to the 14th Finance Commission and Rathin Roy, Senior Fellow at Overseas Development Institute, to discuss their insights on the tax sharing formula.

#tax #centergovernment #stategoverment #revenue #southernstates #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #cnbctv18

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