Arthakranti Sansthan (Institute for Economic Revolution) is the Pune-based outfit that has claimed the authorship of Modi’s currency ban program.
Anil Bokil, the founder of the think-tank met Modi in the summer of 2016 and reportedly made a big impact on the PM with his presentation on banning high denomination notes.
Bokil’s plans have been thoroughly debunked here.
Similar to the Bokil tax is the Tobin tax (Bokil does not agree with that characterization) that Ellen Brown was promoting a while back and which was a bankster ploy, even though Brown might have advocated it innocently. Discussion here at EPJ of the Tobin tax, Soros’ backing of it and objections on libertarian grounds.
Soros is a Rothschild front and given the figures profiting from the Modi ban, the chances are that the Bokil proposal is backed in some indirect fashion from London.
Bokil previously approached Rahul Gandhi (controlled opposition, despite his crowd-pleasing attacks on Modi) with no result.
Bokil is supposed to be an ascetic former engineer who no longer works but lives on small amounts of money given to him by his mother. That seems implausible to me so I searched for information about Arthkranti’s funding but couldn’t find it.
The outfit looks very suspicious to me, given that its main objective in banning high denomination notes is to reduce the use of cash altogether, dispense with income tax (which is hard to assess in India), and go straight to a bank-transaction tax, which has always been the wet dream of bankers and fintech giants.
Sure enough, on the Arthkranti website, I find a list of eminent people supporting the bank tax project that includes.
Dr. D R Pendse: Ex Chief Economist with Tata Group
“This proposal should definitely be helpful to solve tax related problems for businesses and industries. The complex taxation system, which is being tweaked for last 65 years but could not even work for 2 years, must be altogether changed.”
http://www.youtube.com/watch?v=xgR2yGDlG2E
Ficci president Sidharth Birla
“If the steps proposed enhance revenue by broadening and broad basing the tax payer base and help improve transparency of regulatory framework, we will tend to welcome these aspects.”
President of industry body PHDCCI Sharad Jaipuria
[Lila: Jaipuria who is regarded as a voice for “India Inc.” (the Indian corporate world) is a strong supporter for fully opening up the retail market in India to foreign direct investment (FDI). This has taken place now under the BJP, especially with the cash ban, since smaller retailers don’t have POS (point of sale) facilities like cash swipe machines.]
“The personal income tax should be reduced or abolished with alternate sources. I believe, government has the potential to generate revenue from other sources which are unexplored yet”.
Girish Vanvari, co-head of tax, KPMG in India
“…it may reduce corruption and collusion with the government agencies. It may remove the tax burden from individual as well as corporate taxpayers. The taxpayers will also not indulge into practices like falsification of accounts, money laundering and other illegal ways of tax evasion,” said Girish Vanvari, co-head of tax, KPMG in India.
Sudhir Kapadia of EY, a global tax consultancy firm
“There is indeed a case for tax reform that brings in simplification and rationalisation in the tax system by eliminating unwanted distortions and multiplicity of taxes.”
Jay Shankar is an economic adviser at the Department for International Development at the British High Commission
“the new proposed tax system would be more equitable than the existing one, without compromising on the revenue side. ”
http://profit.ndtv.com/news/opinions/article-can-india-do-away-with-income-tax-377072
Experts Global
Expert Global votes for this theory and calls for all Indians to demand implementation of this theory
http://www.expertgs.com/Corporate/Social+Responsibilities/index.aspx
Vivek Sawant, managing director MKCL
“MKCL believes that solution to complex and chronic challenges have to be fundamentally knowledge based and hence decided to support this (Arthakranti) research work”, Vivek Sawant, managing director MKCL notes
Siddha Samadhi Yoga (SSY)
SSY Fully endorses and supports the mission of Arthakrnati Pratishtan ( see www.arthakranti.org ) and does it’s best to actively promote this awareness to all.
http://www.ssy.org/inner.php?id=219
Darshak Hathi, International Director, Art of Living Foundation (AOL)
[Lila: Art of Living is a known Rothschild-supporting guru outfit, promoting a kind of homogenized Hindu thought for global consumption]
Darshak Hathi #VBI ?@DarshakHathi Jan 23
Solution is Abolish tax,Currency compression, BTT
D S Kulkarni, a businessman:
Arthakranti would bring dream era for industries. It will reduce the tax burden in prices of commodities, which is about 40% currently, so prices and hence inflation will fall. Every person in Industry will support to make this happen!
Capitalism suits only the rich! I like Indian government’s stance though!