Economic Perspectives

Neoliberal anti-populism

Print edition : August 22, 2014

Women desilting a pond under an MGNREGA scheme at Kuruman Chavadi village, Tamil Nadu. Expenditure on such schemes are called 'subsidies', while tax sops to corporates are called 'expenditures'. Photo: R.M. Rajarathinam

Arun Jaitley has extended indefinitely teh concessional 15 per cent tax on dividends received by Indian companies from their foreign subsidiaries. Photo: SAJJAD HUSSAIN/AFP

U.S. President Barack Obama. He charged corporations with “cherry-picking the rules” on taxes. "My attitude is I don't care if it's legal, it's wrong", he reportedly said. Photo: Andrew Harrer/Bloomberg

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