Indirect Taxes

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Highlights of Economic Survey 2008-09

New Delhi, July 2 (ANI): Finance Minister Pranab Mukherjee presented the Economic Survey 2008-09 to Parliament today.

The highlights of the Economic Survey 2008-09 are as follows:

1. Economic growth decelerates to 6.7 per cent in 2008-09 compared to 9 per cent in 2007-08 and 9.7 per cent in 2006-07.

2. Per capita growth at 4.6 [...]

Zimbabwe’s economy “literally sustained by beer and cigarettes”

Zimbabwe's economy

Harare – Revenue from tax on alcohol and tobacco has been the key contribution to Zimbabwe’s overall income, Finance Minister Tendai Biti said in presenting a revised 2009 budget to Parliament.
“Indirect taxes made up of customs and excise duty have contributed 88 per cent of government revenue which means that the government has been [...]