01813cas a2200241 a 4500 AALejournalIMF009013 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863536 1018-5941 BD-DhAAL BD-DhAAL Poirson, Helene. The Tax System in India : Could Reform Spur Growth? / Helene Poirson. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the effects of India's tax system on growth, through the level and productivity of private investment. Comparison of India's indicators of effective tax rates and tax revenue productivity with other countries shows that the Indian tax system is characterized by: (1) a high dependence on indirect taxes, (2) low average effective tax rates and tax productivity, and (3) high marginal effective tax rates and large tax-induced distortions on investment and financing decisions. The paper finds that the most recently proposed package of reforms would improve tax productivity and lower the marginal tax burden and tax-induced distortions. But firms that rely on internal sources of funds or face problems borrowing would continue to face high marginal tax rates. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2006/093 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/093/001.2006.issue-093-en.xml IMF e-Library