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Yep that’s a fair point, the tax burden in India in general is pretty skewed, however worth noting that Mumbai pays a fairly significant amount of it (especiall
by user_7832 3y ago
Yep that’s a fair point, the tax burden in India in general is pretty skewed, however worth noting that Mumbai pays a fairly significant amount of it (especially when factoring in indirect and non income taxes). Iirc BMC’s budget is very directly from taxes (very little/no loans or other handouts, though I could be wrong about this).
(Edit: quick googling shows property tax to be the biggest current revenue stream since octroi has gone away after the introduction of a national GST.)
- geodel 3y agoWell the flip side of spending all tax revenue of city like Mumbai locally instead of statewide or nation wide there will be even more lopsided development which turns to ever more people coming to Mumbai making infrastructure, pollution and so many other problems worse.