The Union government on Sunday rushed in to junk a report by 50 Internal Revenue Service (IRS) officers that proposed increasing the tax burden on the rich, bringing in a wealth tax and charging an additional 4 per cent ‘Covid Relief Cess’ to meet its revenue shortfall and contain the outbreak.
In its response, the Centre said termed the IRS officers’ tax increase report “irresponsible”. The Department of Revenue in the Finance Ministry has now sought an explanation for what the government has termed as “misconduct” by these officers.
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