Website for CAT preparation material.MBA, Engnieering & Medical entrance exams.GD topics.
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MBAs should be taxed at higher rates in our country. (IIMB)

Favour



  • Management professionals, Corporates and businessmen, are earning huge amount of money so; government should tax them based on their income.

  • As well as MBAs have better knowledge of tax system so they are saving more money through tax rebate.

  • Recently USA government brought higher taxes for rich population; such laws can bring more money to government.


Against



  • Taxation is a policy and policies are decided for masses at large. In order to avoid any discrepancy and bias rates are fixed on income and not on the basis of profession.

  • MBAs and other such professionals are paying "professional taxes". So charging them again a higher rate is not required.

  • Government should tax people based on their income.


Conclusion



  • Taxation should be based on income rather than profession.

Contributed by: Studyfreak

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