The Unsatanic Taxes

Nobody who has read Salman Rushdie’s classic ‘Midnight’s Children’ can be indifferent to the juxtaposition of India and Midnight in a phrase or sentence. So, the recent announcement that India’s new GST law (VAT by any other name would smell as sweet) would come into effect, amidst much fanfare, at midnight on July 1 was…

They shoot horses, don’t they?

"It's under starter's orders - and they're off!"  2013 has scarcely made it out of the stalls and two stories are already vying for a place in the Winner's Enclosure at the annual Let's-Knacker-The-Taxpayer Steeplechase. First to gallop off the page and nearly knock out my eye was the disclosure by the Wall Street Journal that the Indian…