Posts

Importance of Eliminating/simplifying Taxes and Regularities-Tax People are Business Liability than value add servent

Image
https://www.businessinsider.in/6-Reasons-To-Just-Totally-Eliminate-The-Corporate-Income-Tax/articleshow/26113773.cms Finance and Business People should more focus on Business processes, Business Modeling, financial packages (SAP, Oracle or any other local Package), Inventory system, Cash flow and the Financial and Management Reporting. They should not be much bothered about the tax management and Duty responsibilities.... A great system implementation will take care of everything.... Due the Technology revolution most of the countries are Restructuring and simplifying their taxes......This is the great gift the Business Industry is going to get  No good businessman wants to avoid the Govt. responsibility..... Unfortunately, in most of the countries, regulatory and tax responsibilities are used as a tool to scare people for the corruption money by various Govt departments, including Police and the Tax and regulatory professional for making their living as a connecting/c