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Август
2024

Taxpayers expect taxes to work for them, Siddaramaiah tells finance commission; CM cautions against skewed weightage to equity

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Chief Minister Siddaramaiah has urged the Finance Commission to cap cess and surcharge at 5% of gross tax revenue and include collections above that in the divisible pool for sharing with states. Karnataka has faced substantial losses due to non-sharing, and Siddaramaiah advocates for better resource allocation to economically advanced states.