Writing this from the lobby of a good hotel in the city There are 3 types of people I see around me:
We are not them. Income tax crossing corporate tax data point really struck with me. Governments have started giving more freebies. We enjoy fewer public facilities. The only reason to be in India is that I love the friends and family here. But otherwise, as a salaried employee (as we all are), we should know that we're kind of being duped.
It's a bit too much calling business owners thieves bro. Your hotel stay is paid for by a business too. That's risk and reward, plain and simple.
Besides, MSMEs in India hardly earn much in the first place to be able to pay a lot of tax. It's the top percentile that gets away with waivers of crores, while business owners like me can't even get an uncollateralized loan at a decent interest rate.
Not all of them, but many of them are The kind of businesses we are in, that fund our trips, do not show expenses to show losses. These are two very different types of businesses.
Sure, MSMEs in India that don't earn much, should not pay much taxes. Salaried employees in India, who don't earn much, should also not pay much taxes. But they do. Because it's easier to take from them.
I know of people much richer than my entire family who pay a fraction of the taxes I do, and pay in cash whenever they can.
Risk and reward? That's not related to the point I'm trying to make.
But I will add Just because the kind of companies we work in aren't incentivized to hide expenses for lower taxes... many do follow shady practices at some level.
Even the big ones. As an employee, you cannot.
Wait till you stay at some postcard / six senses / raffles / "luxury leisure resorts category" property, this anecdote of yours would fall flat, what you've observed only holds true for "business hotels" in cities.
Indians are happily splurging on rooms costing upwards of 30k nightly, albeit it might be one off event for some of the guests.
Stayed across most of these The only change at the ones you mentioned: 70% business folks, 30% employees (funded by companies for offsite, or getting married or something like that)
Indians are splurging on rooms (even salaried class), but it's 3-4 nights a year for us, even for the ones who can afford a lot
Totally worth it
Calling business folks as thieves is BS, if you have easy loopholes as a salaried person to save taxes. I'm pretty sure you'll use it.
Don't hate the player, blame the game. If the govt wants they definitely can bring stricter laws for biz owners but that's also a very big chuck of their vote bank so no ruling govt will gonna do it it's a slow process.
Tax saving isn’t the same as tax avoidance
You don’t really have such extreme tools at the disposal of salaried folk
True, the government isn’t incentivized. “Dont hate the player, hate the game” is spot on. It’s just what you see immediately around you.
Thanks for sharing man. I agree the businessmen are crooks and have stolen too much money from regulars like us
I say it's good that individual tax rates crossed corporate tax, it means people's earnings have increased,
But what I've found unfair is the treatment these tax payers get, no subsidies because we're not poor in government view, no ROI on all the taxes paid like human beings get in other countries,
Your entire family may be killed by a truck tomorrow and some powerful politician can suppress the news, no wonder every one who can leave is leaving India, the so called brain drain,
All these aside just the ROI aspect is antagonising our nation for some time now,
What we need is a reservation system for tax payers in all public aspects like government sponsered taxpayers only schools colleges hospitals with 5 star standards like some of our airports, and the subsidy you get should be linked to your tax bracket, more tax you pay more subsidy you get, this would help India onboard a lot more hidden rustoms who want to avoid tax because they'd rather hide that money as black and spend rest of their lives handling shady money vs paying tax like they should
It's a business bro where you are employed!!!
Stop abusing Indian businesses.
Only because of the business ecosystem a country grows and prospers.
Yes there are bad people in business, so in every other field. A system which produces goods and services while employing people and earning profit as by product is a business.
Incorrect/clouded observations. FIT (non biz folks) drive most occ for lux-upper upscale resort, if you dig into reports of hotel firms & otas u d be surprised that corporate bookings constitutes fairly less % as it seems at first glance. I felt same as you too when used to travel to new city every other day, only until now when started in hospitality sector i see details
Go to LinkedIn..namo and nirmala has posted something...here it's useless rant
For half of what you pay in Indian five star facilities you get amazing properties in Southeast Asia, Dubai
Exactly. These black money hoarders are pricing people out.
Government taxation just destroys consumption and demand for luxury goods.
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Checkout r/recruitinghell, r/csmajors, r/cscareerquestions, r/antiwork. Abroad ain't some fairy land
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Alert: a rant post
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Look on the bright side, you pay more taxes than Adani!
Peak r/humblebrag material.
