News about Sam Pitroda, inheritance tax

Inheritance taxation, together with wealth taxation, is essential at the present juncture, not just for arresting the burgeoning economic inequality in the country, but also for building a welfare State, whose institution is a necessary step for achieving the economic justice promised in the Karachi Resolution.

If wealth and inheritance are penalised, people will work less hard to create wealth. This is harmful for the country. The second response is to reorganise life into tax-efficient structures. Instead of going to the end of life with a will, persons will transfer assets to the chosen ones while living.