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with jobs disappearing , people not paying income tax , how will the governments find new sources of revenue ?
india , after the lock down , started opening a few establishments – liquor shops and added a heavy tax to buy them . there has been a new idea – delivering liquor at your doorstep. besides the medicines , liquor are the most popular – people are lining up to buy it ..
India also increased the tax on fuel ( petrol and diesel )
Other countries that are creating a new source of revenue
- Saudi Arabia increased it’s value added tax (VAT) from 5 % to 15 % July 1 onwards
- japan increased the sales tax some years ago – and it caused people to shop less
- united arab emirates (uae) – introduced a value added tax of 5 % in 2018 and it caused people to shop less – and companies started laying off people to save costs .