ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

LTTE Need for a Balanced Assessment

part of these incomes had not been disclosed to the colonial government. The post-colonial state now declared that if this income was brought out into the open and tax paid upon it, the offenders would not be prosecuted. The scheme was later repeated with questionable legitimacy in the purely post-independence context in the mid-60s and mid-70s. The line between pragmatism and fiscal surrender was, however, crossed with the Special Bearer Bonds (Immunities and Exemptions) Act 1981 which first placed the tax evader in a position superior to that of the taxpayer This approach has now been extended to external finance.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top