When I Became Finance Minister In 1991, I Discovered That The Wealth Tax Rates Income - There Was Taxation On Wealth. It Was So Atrocious And So High That Actually Nobody Could Accumulate Money In An Honest Way. I Removed That Tax, And The Result Was That Indian Companies For The First Time Acquired An Incentive To Grow Big, To Grow Rich.
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When I Became Finance Minister In 1991,
When I Became Finance Minister In 1991, I Discovered That The Wealth Tax Rates Income - There Was Taxation On Wealth. It Was So Atrocious And So High That Actually Nobody Could Accumulate Money In An Honest Way. I Removed That Tax, And The Result Was That Indian Companies For The First Time Acquired An Incentive To Grow Big, To Grow Rich.
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