Lauded his tax collecting
capabilities
New finance minister P Chidambaram on Monday
unveiled his roadmap to improve the economy by simplifying the tax regime to
boost investments.
"I
will increase taxes by 10-20 times and then they will be simplified," said
P Chidambaram.
He said
"I love collecting taxes, more tax and more and more and more tax. Wow collecting
tax is so passionate and I don't like to pay but to collect. I am very much
innovative in taxation. I have already introduced service tax, securities
transaction tax and turnover tax. Now I will introduce double service tax, cash-in-wallet
tax, cash-in-pocket tax and tax on tax."
P
Chidambaram wanted to assure that though everything in Indian economy is not
going well, he can easily improve the health as easy as surgeon does a bypass
surgery.
He said
"What is so difficult to improve the health of the economy? I don't
understand why this crap Pranab avoided raising tax money. Here we have big
bunch of idiot cash cows, middle class people, we can charge them for living as
middle class."
He also
informed that it would moderate inflation definitely and more definitely.
"Look
at people who earn 10000 rupees per month if pay 8000 rupees in tax, how would
inflation increase? This is simple funda of simplifying tax. Tax so much that
inflation will go down automatically," Chidambaram told media.
