Tax Relief Is A Trap
- News By : Web Desk
- 2022-03-01 07:55:15
Hyderabad: 1 March 2022: Governments have no income, thier only source of revenue is taxation whether direct or indirect. This means that if a government gives a benefit, grant or relief in one area then we or someone else is paying for that relief somewhere else. The treasury has to balance their books or borrow more money.
Short term relief or gain generally means long term pain but the hope is that the short term relief will generate enough additional activity to mask the future pain.
If a government is giving you relief then consider it a debt you will have to repay later. Also consider it a call to action to benefit from the relief as much as possible until it is taken away.
I don't fully understand today's announcement but it sounds like you have 5 years to build a Startup and pay zero tax...tick tock tick tock!
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