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India Must Impose More Tax On Its Super-Rich People: French Economist

India Must Impose More Tax On Its Super-Rich People: French Economist

NDTV
Saturday, December 14, 2024 12:47:29 AM UTC

The writer of the best-selling book "Capital in the 21st Century" called on India to follow through on a July pledge by finance ministers from the Group of 20 major economies to cooperate on effectively taxing the world's largest fortunes.

 India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday.

The writer of the best-selling book "Capital in the 21st Century" called on India to follow through on a July pledge by finance ministers from the Group of 20 major economies to cooperate on effectively taxing the world's largest fortunes.

"India should be active in taxing the rich," Piketty said at an event organised by Delhi-based think tank Research and Information System for Developing Countries (RIS) and the Delhi School of Economics.

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