NEW DELHI, Dec 3: According to Lok Sabha Speaker Om Birla, India boasts the best taxation system in the world, marked by its transparency, adherence to the rule of law, and stability in tax policies, he stated on Tuesday.
He emphasized that these policies and regulations have made India a prime destination for investment for companies and individuals worldwide.
Birla mentioned that due to its stable tax policies, India has become a preferred investment hub for global investors during his speech to officer trainees of the Indian Revenue Service (Customs and Indirect Taxes).
Highlighting tax reforms, particularly the Goods and Services Tax (GST), Birla pointed out that recent initiatives have streamlined the tax process and enhanced the ease of doing business.
The Lok Sabha Speaker noted that both Parliament and the government have continuously made enhancements to the taxation framework, which is why India’s taxation system is now regarded as one of the most transparent and reliable globally. (PTI)
