Why south Indian states have started a tax movement| #southtaxmovement
The News Minute・2 minutes read
Southern states like Kerala, Karnataka, and Tamil Nadu are leading the South Tax Movement due to unfair tax revenue distribution, with Uttar Pradesh receiving significantly more funds than all five southern states combined. The Finance Commission's tax-sharing formula, linked to population control efforts, has exacerbated the unequal distribution, leading to increased dependence on the Union government and impacting states' autonomy in spending.
Insights
- Southern states like Kerala, Karnataka, and Tamil Nadu are leading the South Tax Movement due to unfair tax revenue distribution, with Uttar Pradesh receiving more than all five southern states combined.
- The Finance Commission's tax-sharing formula impacts how tax revenue is distributed among states, with disparities linked to population control efforts, affecting states like Kerala and Tamil Nadu.
Get key ideas from YouTube videos. It’s free
Recent questions
Why are southern states protesting against the Union government?
Unfair tax revenue distribution and allocation disparities.
How does the Finance Commission impact tax revenue distribution?
Determines tax-sharing formula among states.
What is the impact of the GST on fiscal federalism?
Eroded fiscal autonomy and increased dependence on Union government.
Why do states like Kerala and Tamil Nadu feel penalized in tax devolution?
Linked to population control efforts and disparities in tax revenue distribution.
How has the Union government's control over revenue sources affected states' autonomy?
Unequal distribution of funds and limited autonomy in spending.
Related videos
Think School
Why is Kerala Falling Into an ECONOMIC crisis? Why did Supreme Court intervene? Explained in Detail
Think School
RBI DETAILED State Report Explained in Detail: Are Indian states going BANKRUPT like SRI LANKA?
Akshat Shrivastava
Why RICH people will leave India .....(you should too?) [8 Wealth Trends that will define India]
CA Intermediate by PW
CA Inter Taxation - Income Tax RTP May 2024 | CA Inter May 2024 Preparation
Magnet Brains
Ruling the Countryside - Full Chapter Explanation Solutions | Class 8 History Chapter 3