Wednesday, 3 August 2016

India votes in favour of sweeping tax reforms



India’s parliament has passed a historic tax reform that will transform its $2tn (£1.5tn) economy, bringing the country’s 1.25 billion consumers into a single market for the first time. The goods and services bill, which could come into force by next April, will close tax loopholes and tax more types of businesses, which were previously left unregulated by the old legislation.  August 3



The introduction of Goods and Services Tax (GST) is a significant step in the reform of indirect taxation in India.  "Goods and Services Tax" is proposed as a comprehensive indirect tax on manufacture, sale and consumption of goods and services throughout India, to replace taxes levied by the Central and State governments. Amalgamating several Central and State taxes into a single tax would mitigate cascading or double taxation, facilitating a common national market. So far State governments had resisted the GST reform for fear of loss of revenue. However, their concerns  appear to have been addressed in the proposed bill.

In mundane astrology, lunations have a traditional reputation as important events. A chart for the New moon of August 3 drawn for Delhi can help explain the reason behind the “historic tax reform”.
Given below is an extract from Nick Fiorenza on the New Moon:

Acubens can impel a tenacious and stubborn resistance to release the patterns we hold that keep us entrapped in limiting life scenarios. This New Moon and lunar cycle impels us to collect and hold that which is of value and truly nurturing but also to relinquish that which limits our emergence into light and illumination. It challenges us to do all we can to achieve a greater vision for the evolutionary freedom and fulfillment that we seek—freedom from the dogmas, both collective and personal, that keep us entrapped in our patterns of the past and in an old world paradigm.

The New Moon[10le] is trine Saturn [10sa] which is conjunct delta Ophiuchi – a star that was part of the ancient Chinese asterism – Tíen – Chi, the Celestial Market – an obvious reference to the economy and the buying and selling of goods. Moreover, here Saturn being the ruler of Capricorn is the dispositor [1] of Pluto placed in the 8th house.

Pluto is,  the “Great Transformer”. It revamps, reshapes, overhauls and thus transforms whatever it is currently impacting. In Capricorn it brings this overhaul type energy to those areas that Capricorn rules, which include the economy and business. Since it is placed in the 8th house, it is specifically bringing reform in the area of rules and regulations that govern taxes [2].

Finally, we note that Saturn is square Neptune. In its negative manifestation Saturn can express as fear of loss of control. Please refer to the first para where we mention how the states had been holding up the federal bill for fear of loss of revenue. However, Neptune the “Great Dissolver” can bring down these walls [3]. In our case here the federal government was able to alleviate those fears by incorporating clauses in the bill that help the states to retain their revenue share and a Common Market is now the result. 

No comments:

Post a Comment