E-LEVY ENIMICAL TO FINANCIAL INCLUSION AND DIGITAL TRANSFORMATION
I do not intend to delve into the merits and demerits of the E-levy in widening the tax net which is debatable or a source of revenue generation because, of course; it will generate revenue and figures show. Taxation is not only a tool for revenue generation for present consumption but a means of nudging the citizens, as rational thinking economic beings to adopt or influence a certain behavior in their dealings or economic decisions for the benefit of their future and the economy as a whole. it is also used to drive the economy into a certain future direction. It then also becomes a sort of moral suasion tool for decision making. Economics 101, tells us that, if we want to encourage the consumption of local rice, we increase duty on imported rice. If we want to discourage the use of overaged vehicles, we increase the taxes on them. If we want to protect the local poultry farms, we put high taxes on imported frozen chicken. So what behavior do we intend to encourage or disc...