Congress has no plan whatsoever to introduce inheritance tax: Jairam Ramesh
Congress leader Sam Pitroda's remarks, the party on Wednesday asserted that it has no plans whatsoever to introduce an inheritance tax and cited former Union minister Jayant Sinha's remarks to allege that it is the Modi government that wanted to do so. Pitroda, the president of the Indian Overseas Congress, has talked about the inheritance tax law in the United States while answering a query on the «redistribution of wealth» issue. Modi on Wednesday attacked the Congress over its Pitroda's «inheritance tax» remark, saying the grand old party's «dangerous intentions» of snatching away the assets and rights of people have come to the fore.
In a post on X, Congress general secretary in-charge of communications Jairam Ramesh said the Congress has no plan whatsoever to introduce an inheritance tax. In fact, former prime minister Rajiv Gandhi had abolished Estate Duty in 1985, he said, adding that it is the Modi government that has wanted to do so.
He said, «Fact One: Jayant Sinha, then Minister of State for Finance, publicly stated that he wanted to introduce Inheritance Tax in 2014. Fact Two: In 2017, reports emerged that the Modi Sarkar was going to re-introduce inheritance tax. Fact Three: In 2018, the Finance Minister Arun Jaitley praised Inheritance Taxes for spurring large endowments to hospitals, universities in the West. Fact Four: News reports emerged that Modi Sarkar would introduce an Inheritance Tax in Union Budget 2019,» Ramesh said in the post.
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