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June 2008

Improve methodology for ranking ease of paying taxes

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
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New Page 1

27 Improve methodology for ranking ease of
paying taxes


The Chairman of the Prime Minister’s Economic Advisory
Council, Dr. C. Rangarajan, has taken issue with the World Bank over the
methodology used in the latter’s ‘Paying Taxes 2008’ study, which ranked various
countries in terms of ease of paying taxes.

 

India was ranked 168 among 178 countries. The corresponding
rank for Pakistan was 146, Sri Lanka 158 and Bangladesh 81.

 

“We feel there are serious shortcomings in the methodology
used by the World Bank study in making these rankings. Besides the judgments
made in the choice of the firm, taking the number of tax payments and time spent
with tax payments is far too simplistic,” Dr. Rangarajan said in his address at
the Fifth Asia Tax Forum, jointly organised by the Union Finance Ministry and
the National Institute of Public Finance and Policy here on Monday.

(Source : Internet newswires)

 

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