Ashneer Grover on India's 'punishing' tax system, charity and his future as a politician
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- เผยแพร่เมื่อ 18 มิ.ย. 2023
- #ashneergrover #ashneergroverinterview #incometax #indiantaxsystem
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It's not safe to speak so much directly and honestly in this country 😅
True
I totally agree with him, Indian tax laws are highly & unnecessarily complicated. Every Individual & companies incurs heavy overheads just to operate in India.
Then you and grover means to say that rice and alcohol GST will be same so that people consume more drugs ha and what about the people who give 10℅ tax if he start giving 20℅ then he will abuse government. There is just little truth in grover statement and rest is garbage. Government is not fool like him many countries collect tax this way.
Totally disagree with Ashneer.....
First of all there must be a transparent, system so that people can see whether super rich guys pays tax or not also how our tax money is being use dby govt....Second If a common man take a loan of 5-10L and not pay a single installment bank calls and even visit inpersion.....but how a person flew after taking 1000crs of loan?
What Anshneer doing is comparing our tax rates to other countries who has low rates or tax heavens like dubai...etcc
What he doesnt realising is our country is still developing and much more complex country than anyother ,with huge population were most us are living in poverty or farmers whose incomes are exempt , so only options left are
1. Rich people
2.companies, LLPs , firms
3 poeple earning above 10 laks
The thing is we cant charge same rate for 10 lakh catogory and for rich people ,because people having 10-50 lakh are not lving that type of luxury that RICH does thats why we have slab rates..
Our country has to manage infrastructure, roadways, education
Which is mainly relied on taxpayers income...
Our country has recently manage secure 1st place in longest roadways by beating china , these things simply cannot happen if tax rates falls to 20%..and there is much more complexity that yet we don't understand...
Once we become developed country, we dont need 40% rate, and that not gonna happen for long time..
I hope this helps
By CA INTER STUDENT
@@USERr143once we developed.....hahahahhahahshshahahahshshshshahhahsbsbabshshbsbsbsbsbabababhahahahahahahhahahaha
Indians haven't realised how dangerous this socialism really is. All the wealthiest nations in the world, became wealthy by fostering individual liberty and ownership. It's not a big secret.
Many philosophers claimed after century western world will start collapsing because of individualism,
Person will put himself above others.
This is just a fuel for narcissism.
Collective societies are ltruly wealthy,
Example is japan, Singapore and South Korea.
I see you are fully against with socialism...can you think what will happen if education and medical services in India are fully privatized?
So just saying it is dangerous blah blah...can you point out how to run India properly according to you without socialism...on a long run without sacrificing the poor people?
If you reply keep in mind india is a democratic... means people can oppose privatisation bills, people are mosly corrupted, huge income difference between poor & rich.
@@0pinion99 socialism is a theory that has consistently failed in practical life for over a century - biggest is mao's china, present day is n-korea.
free markets have given all the benefits and privileges you use today, because it incentivises value. example - USA minus the past 2-3 decades. that's where you got the most innovations out of. (don't confuse that with crony capitalism - that's what leads to downfall)
for india - open all services up for the free market, including the govt services. let people decide which road they want to go down on. of course, exceptions of national interest like national defence can't be privatised. exceptions need to be managed via taxpayer's money.
if you don't, power accumulates in the hands of a few. that's still corruption, but insidious. coz it's in the name of "justice" and morons like you fall for it.
in practical life, people are not mostly corrupt. don't project your terrible upbringing on an entire nation. it's technically impossible for any highly corrupt nation to thrive - see South Africa.
@@0pinion99maybe you will grow brain cells if you went to a school which actually was accountable to educate you?
The problem is most youtube comment section is filled with people who dont fall in tax regime and a few who pay less tax. They wont understand 30% and surcharge and etc.
i do
Yes that's y they are barking here. Jab mahine ke 50000 tax bharenge tab smjh mai ayega 😂 aur galiya nikalenge
Exactly 😂😂😂
@@Lol06987true 😂😂
This country hates tax payers
When capitalists are pointing out serious mistakes in the economy, we know we have seriously gone wrong with everything!
aur kaun karega....communists are just low iq garbage
😂😂 He is seriously talking rubbish
@@Success_Conscious_AbhiI am actually surprised to see so many people in the comment section find his suggestion to be logical.
@@divyanshnanda3523whatever he said is extremely correct most of your companies are singapore and dubai based your most productive people are the most heavily taxed and exploited by the government
@@Success_Conscious_Abhi Ha bhai kuch kama Phir pata chala ga india ke tax law ke bara me
He said base of tax payer need to be increased rather than only 2 crore indians paying highly tax
Agree
Major problem is paying multiple taxes
Thats why indian startups register outside india in Singapore, dubai, silicon Valley
1:37 - jahan ki core quality doglaapan hai, wahan to wohin karni padegi.
😂😂🤣 Bhai, knocked it out of the park!
Now I know why did they brutally kick him out of BharatPe.
😂😂
😂😂
Why ?
At least he's honest. Not like tax hungry BJP, who are simply looting people.
😂😂
This is the dark reality of indian tax system. The ultra rich escapes the taxation while the middle class does the charity.
This dark reality of the whole world
Lmao that’s good but many poor people are benefiting but rich aren’t that’s tragic
@@Isaacaijazebf2jpoor are benefitting, rich are benefitting by themselves by evading taxes through tonns of loopholes but what about the tax paying middle class who's tax is enjoyed by the poor?
Direct tax is progressive in nature. If a flat rate of tax will be imposed then people having lower income who are not paying tax according to current tax regime will end up paying taxes and people having higher income will end up paying less tax. Also the assumption that there will be no tax evasion with lower tax rates is foolish.
The problem with the government is that they are not providing enough infrastructure to the country in education, health sector etc.. They are collecting taxes but are not fulfilling the promises made and the solution is definitely not the flat tax rate as it will make poor more poor and rich more rich. The tax collected should be expensed in more transparent and effective way.
He's actually saying right, Most of the people will start paying taxes if it gets less and ultimately government will be getting more and plus economy will also boom with more and more people coming India and Indians doing well
true!! tax system in India needs to be simplified.
Capatlisim
Yes, I agree
This guy will free a lot of lost and tired souls
Bhai corporate tax toh 20% hai
But >50Lakh/annum income earners have to pay 30% + 35% surcharge.
Actually 37 percent in Total which is very high plus GST on goods 😂
Running one company and running 3.75 trillion economy and 140 billion people is different🙏🙏
Modi to chai ka thela chalata tha, logic hai bhai?
Uncle ho kya
@@cLutch.26 fact based UPSC aspirant
@@cLutch.26 usse pehle wo 20 year CM thaa
@@kM-rk5brfortunately you are still an Aspirant.
Applauds to u ashneer YOU have put it just THE right way !!
I am a middle class gen catagory person, fought tough in 1996 to get through admission, as reservations already applied , we had been paying taxes since then till date AND now our kids r in the same chakravyuh.. we could never save enough to make him start a business and couldn't sponsor him to go abroad and study.
If our child is mediocre in studies, what options are he left with ?????
Govet never takes any responsibility of such kids of hard taxpayers ..not any incentive nor any facility are offered to us !!! Why will not we push ourselves and our children to go abroad on slightest available opportunity ?? To hell with the brain drain ... Does the govet care for the brains here in INDIA ??? The hatred of reservation will lead to a nation that will be hollow as intelligent brains have nothing but pain and venom in them .
ITS HIGH TIME
Bhai agar 20 percent hoga toh apko hi problem hoga bas yeh sumjho ki
Agar yeh hua toh ap garib hogye Or rich people or rich
@@v.m.channel2572 Bhai ab tak mai tax ko acha smjhta tha sochta tha ki ye ek bhartiye hone k Karan hamko karna chhye lekin ab Aisa nhi lgta. Kuch din phle mujhe Ayushman card k bareme pta chala ki 5lkhs tak government cover krti hai bahut khush hua poora din nikal gya ye pta krne me ki ye kisko Diya jata hai. Mai to sala middle class ka hu bhncd ye sab card to bhikariyo k liye hai. Aur hamare liye kya? Hamko kuch milta bhi hai ki nhi?
@@ambrishdubey2241 dekho government har kiske ke liye scheme hai mein tax ke bare mein janta hoon toh mera kaam tha ki joh is ko support karahe hai unhe sahi baat batna
@@v.m.channel2572 Nirash hu yaar is wakt job nhi hai engineer hu. Yaar ekto paise nhi aur jab kamao to ye chor log hamse charity karwate hai. Ye baat bahut chubhti hai.
I couldn't agree any more! Well said Ashneer!
Subramanian Swamy also says he would have abolished taxes if Modi Sarkar had made him Finance Minister.
It's not the high rate of tax, it is the inefficient user of tax money that is painful. People need to be aware of how their tax money is spent and how much in fact they are getting for the tax they paid.
The only way to reduce taxation is to do a non-cooperation movement and simply boycott it. Govt will never reduce it on its own.
Honestly, Indians 99% of them are already non-taxpaying citizens, what needs to be done is to increase the tax base, simultaneously reducing the tax rates, I think personally any tax above 21% on personal income is foolishness. Now, 21% tax would not only increase the disposable income but also savings, resulting in greater GDP growth, and lower borrowing costs for businesses and govt. And, yea I a support progressive taxation, I don't care about whether we implement flat taxation or not.
HSN code was not for tax classification. it was for industry identification in the world. but india adopted as tax structure
Middle class is suffering the most.....its painful
The bigger problem is that middle class people paying 30-40% tax will never even protest. Another fact: politicians don't pay tax
He should educate Nirmala Sitaraman once, Govt is fooling by adding too many schemes unnecessary on an already filled slab 80C, no use to us.
Very well said
Great sir This topic needs to be raised, govt. Is sucking our blood by income tax
I want to see him as Finance Minister of India ❤😊Very intelligent Man 🎉
But andhbhakts want nimmoo tai 😂
No I don't want this man as a finance minister because phir india ke economy destroy hogi
Finally some economically "right" people.
Totally agree! only beacause of tax I am going to run thela. Atleast you discussed this nobody discuss. Jitana profit hota utana to CA ko dena padata ye compliance, wo compliance.
They overcomplicate the process so people hire CA and dont get into jhamela and they stay in darkness. I paid 4 lacs tax last year wtf did i get. Shit . I could have taken 4 international trips from that
Low earners can have exception but everyone else need to have flat tax rate. Tax rate is percentage. If tax rate is not flat rate for everyone, then its exponential tax system which is not really good for tax payers. It is better for everyone if tax rate is a flat. Its easy to say high tax for high earners but high earners will still pay high taxes even if tax rate is flat. Eg: if tax rate is 10 percent, a person earning 100 will pay 10 but a person earning 10000 will pay 1000.
Corrupt politicians and government sector living in luxury. While the working class suffers. The government should have hands off approach to economy and not tax the working class
Very insightful
I wish he becomes PM of India 🇮🇳
He might be a fool, but i would support this guy on this Tax statement. IT HURTS
Love him or hate him. Banda brutally honest hai and he is not at all wrong!!
I 100 % agree with him
Income tax is total waste . The whole collected amount doesn't contribute in indian economy . The maintenance , salaries and other expense of this department are more than the tax amount collected by this department . There should be more indirect tax collection like g.s.t . It should be high on luxury items and negligible on necessary items .
Baat to sahi hai yaar 😢
France has also given acceptance to Indian UPI recently.💰💸🎉
He said the real truth...♥♥♥
Love from odisha ❤
Flat tax rate is ideal. Since India has a very small percentage of people paying direct taxes, the government heavily relies on indirect taxes through gst and other, etc. This heavily affects the middle class people, those who are salaried as they end up paying nearly 50% taxes in direct amd indirect taxes. This leads to a very low savings rate. 30% tax rate above 10 lakhs is brutal, as u can only get that type of salaries in metro cities and the cost of living is quite high there. Taxing everyone at flat 10% will ease the burden and will increase the tax base. Its also high time the government starts taxing the wealth farmers. 28% gst is too high and unheard of in many developed countries.
Nirmal sitharaman should watch this video. A tight slap to Govt tax system..
Dear Ashneer...Kya guarantee hai ki jo business man 40% tax Dene k liye chori kr rha ho wo 20% tax Dene bolo to chori nhi karega??? Chor sirf chor hota hai .. kam chori aur jyada chori aisi category nhi hai !
VERY CORRECT!
People should give him more like to this pic make it 12k like
it deserves rather than Bollywood
Welcome to the reailty
He’s talking about Laffer’s curve.
We are with ashneer Grover
I agree with him but these things are easier said than done! Don't see this happening by next decade.
And those businessmen who don't pay taxes are criminals surely!
Koi hate nhi dega. Bhai ne bahaut gyaan diya hai.😂
Adam Smith: ham Bhi Yahi Soche The , Lekin Great Depression Ne Government ka Regulation Ka Importance bata diya😅😅
Not just ashneer, even renowned economist Subramanya swamy has told that this tax system is actually reducing our purchasing power and halting our progress. This tax system is unnecessarily complicated
After failing in business Ashneer bhai should enter into politics with party name doglapan party
Jhaat badadbad aukat nehi hai tera chup ho ja. Yaha agar koi bhi comment kar sakta hai uska minimum requirement 30% tax slab wala logo ka hona chahiye utna toh Tera salary bhi nehi hoga 🤫🤫
True , tax rates are too high
Tax only justifiable if government can give the same facility like Western world giving, health, education etc...make the government institute world class then giving tax will not much harm!
in islamic economic system there is only 2.5% tax on remaining balance of year end.
good insight
2% logo ka sahi h but wo 98% log tax hi nhi dete and jinki income hi 5k-10k wo sadak pe ajynge ..government koi bhi party ki ho but 20% tax se 98% logo ko basic cheese bhi nhi milengi...
Ye to sabse bada doglapan hai na inka
Sarkar business development kare to Sahi
Aaj kal chote chote businessman Bank ke kitne chakkar kat rahe hain maine banglore
Ek FSSAI lisence apply Kiya 3 sal ke liye jis ki government fees 6000 rupees hai
Maine January 2023 Ko apply Kiya
May 2023 Ko Mili o bhi 10000 rupees de kar
tho kya kare? rich hona crime hai kya? gareebi hi rehni chahiye kya india mein?
India need entrepreneur ppl to enter the politics 👍
Agree with him.... Actually this is not tax ..
Tum khana khao tou etna % katy ga, tum hospital jao etna % katy ga...mtlb hr jagha ek different percentage.... Public tou soo rhi hai ore political parties apna johla bhr rhi hain...
He is right .
Sir you are the only person who talks the truth on this platform
if our country has to became a part of develop country must be follow tax system of other develop countries.
What about rural areas?
Yehi to he asli netaji... Neta banneke baad yehi wo aadmi he jo sabse jyada tax lagayega 😂
I second you! Ashneer.
Absolutely right
Yes....u r right.....kamao tax do.....bachao....tax do
True
Iskiye to 10cr se jyada yearly income hai wo desh chhod ke ja rahe hai
Bhai ko power me ana hai, bhaiya amiro ke note se nahi garibo ke hi vote ata hai Banda power......yaad rakhna
Koi iss bhai sahab ka mic le lo yar
Bina sar pair ki hawa mai batein na karein aap bhot bade business influencer ho ,Act responsibly
Aagg laga Diya vai 😂.... He is 100% correct
he is right. itna jyada tax h ki kuch chhote vyapari tax nahi dena chahate. unse jab mene baat kee to unhone kaha ki agar reasonable tax ho to de. kuch bhi margin nahi and oopar tax itna jyada
जबरदस्त बोला भाई
Money ≠ Knowledge, he proves 😂
Abbe u iit se padha hai be
@@sonukumar-li2ex toh?
How can you be so sure that even if it gets to 20% people won't evade taxes. It's not the tax rate, it's the human tendency to greed more
sir 20% tax poor people kaise dege 🙄
Well said......
This 28% gst tax system is very bad ....
Right
His all points are valid.
Yep if direct deduction of 20%no need of ITR .even the govt officials jobs reduces to save money.
5% people are taxpayers in india. But 5% people won 70% of wealth in the country.
When you don't know the demography of India,
No , I still go to Government hospitals, I study in Government school for 7 year and I can say Government school are improving, after that I done my Graduation from government college. If I didn't get the education facilities from government school and colleges so I can say I will not be able to get the education because my parents can't afford private institutions fees.
You are poor 😂
@@insaan4565 I can't privete Doctor fee, or private colleges fees
now up to you the way you think and judge.
Bhai tu quote wala hoga
Fun fact : koi bi CA nahi hai ho lekin comments me ek line se Agree Agree Agree likhe ja rahe hai sheep ki tara 😂😂
Ashneer Grover is India's Elon Musk .
Ye banda finance minister banega ek din
exactly tax should be 20% for all
Jo chori hain Karta woh 40% se 20% pe bhi Karega. Aur Pata nhi CA, CWA, se inko kyun inti problem hain... inhi professional ki wajah se Tax collect kar pate hai govt.
Flawed, but his viewpoint is logical. India's tax system punishes the rich for making money. That's not a crime, its the way countries are run.
What Anshneer doing is comparing our tax rates to other countries who has low rates or tax heavens like dubai...etcc
What he doesnt realising is our country is still developing and much more complex country than anyother ,with huge population were most us are living in poverty or farmers whose incomes are exempt , so only options left are
1. Rich people
2.companies, LLPs , firms
3 poeple earning above 10 laks
The thing is we cant charge same rate for 10 lakh catogory and for rich people ,because people having 10-50 lakh are not lving that type of luxury that RICH does thats why we have slab rates..
Our country has to manage infrastructure, roadways, education
Which is mainly relied on taxpayers income...
Our country has recently manage secure 1st place in longest roadways by beating china , these things simply cannot happen if tax rates falls to 20%..and there is much more complexity that yet we don't understand...
Once we become developed country, we dont need 40% rate, and that not gonna happen for long time..
I hope this helps
By CA INTER STUDENT
Tum Tak deke change kar doge . Good luck
7:13 "Tax base badha na" - ye baat to kisi ko sujhi nhi na....
Think of citizen as customer
How will you charge the tax to a Mason or a Labour or a village shopkeeper. They are still outside the formal economy.
Ashnir Bhai, if u had ever actually studied economics but not just headings, u would have understood how Indian taxation works.. and why it's the way it is designed. Its not perfect.. but ur suggestions shows absolute dubious doklapan thinking 😅
SYSTEM IS CORRUPTED
Better opposition than Rahul Gandhi
Why does everybody think that onlt their hard work is only responsibile for their success, India has more than 140 crore population thats why ashneer is a billionaire now if the population is contribuiting you so much why you can't can ambani would have earn in billions from jio if he had born in Africa.
You have no idea that on automobile 🚗🚘 sector , GST is 28 % (highest rate)
If you can pay for car, you can pay the tax. If its for business, you get credit. So don't worry.
@@The__Leo69 everyone does not have car
Import cars have a 200% import tax in india it's like buying the same car thrice