Modern advances give us the ability to re-engineer the taxation system to benefit from computerized automation and the insights of modern psychology. People like to do things that bring a tangible reward. Tax-paying should be made FUN, not a chore. You will want to participate if you perceive a...

Extraordinary income is subject to preferential tax rates. Only one-fifth of extraordinary income is taken into account for progressive tax rate purposes or, alternatively, only 56% of the average tax rate governing the overall income is applied to the extraordinary income. If taxpayers accrue...

Agricultural growth has been largely responsible for India’s desire for long term food security for its rapidly growing population and making food affordable by price stabilization. It is therefore a big challenge for the policy makers to make policies which enable farmers to efficiently...

The informal economy has been occupying a key position in the development-discourse ever since it was ‘discovered’ in the Ghana in the second half of the 20th century. A good deal of literature has grown up in the past forty years with efforts to ‘formalize’ the concept of informality...

This paper examines lobbying and corruption as alternative ways of dealing with regulatory obstacles. I propose a model where firms facing a costly regulation can bribe a rule-enforcing bureaucrat to get around it, lobby the government to reduce its impact, or do both. I then use a firm-level...

The global market is largely a game without rules and without an arbitrator able to dispense necessary medicine. Undoubtedly, the crisis has caused the emergence of new challenges, which require the active role of the state in various areas. States play the role of owners of companies and market...