‘India's culture is not of America,’ says ex-MP CM Shivraj Chouhan on Sam Pitroda's remarks on ‘inheritance tax’
Bharatiya Janata Party (BJP) leader and the former Madhya Pradesh Chief Minister Shivraj Singh Chouhan slammed Indian Overseas Congress chairman Sam Pitroda, for his comments on inheritance tax. As reported by ANI, Chouhan stated that India's culture, traditions, and moral values differ from America. Addressing a public rally in Raisen, Shivraj Singh Chouhan said, “In a country like America, there is a provision that after death, the government (US) takes away 55% of the property.
However, Sam Pitroda, this is not America, it's India. India's culture, India is India." Sam Pitroda had earlier highlighted the importance of policies focused on wealth redistribution, referencing the concept of inheritance tax common in America. He mentioned that these are issues that require further discussion.
Also Read: 'Rajiv Gandhi scrapped inheritance law to save family property as...': PM Modi “In America, there is an inheritance tax. If one has 100 million USD worth of wealth and when he dies he can only transfer probably 45 per cent to his children, 55 per cent is grabbed by the government. That's an interesting law.
It says you in your generation made wealth and you are leaving now, you must leave your wealth for the public, not all of it, half of it, which to me sounds fair," Pitroda had said. Also Read: Sam Pitroda sparks debate on 'inheritance tax' in India: What is it and what are its income tax implications — explained "In India, you don't have that. If somebody is worth 10 billion and he dies, his children get 10 billion and the public gets nothing...So these are the kinds of issues people will have to debate and discuss.
Read more on livemint.com
