Arguing Quote by N. R. Narayana Murthy
“I was the first businessman to say, 'You should give tax benefit to only small companies. You should say your profits are exempt to a limit of Rs. 50 crore or so, but beyond that, you should pay taxes.' I have been arguing with successive finance ministers on this.”
About This Quote
Source Speech: Public interview, N. R. Narayana Murthy, date unknown
Advocates tax relief for small firms while ensuring larger enterprises contribute fairly.
In simple terms: Small firms get tax breaks; big firms pay taxes.
Key Takeaway
Design tax policy that balances support and fairness.
Themes
tax policy
small business
fairness
economic growth
Mood
pragmatic
analytical
concerned
Type
policy
economic
advocacy
When to use this quote
- government budgeting
- business planning
- advocacy
- policy reform
Key Concepts
progressive taxation
SME support
fiscal responsibility
Questions to Reflect On
- How can tax thresholds be set to avoid loopholes?
- What impact does this have on market competition?
A Different Perspective
Implementation may be politically contentious and harder to define.
