Stable and predictable tax policy is key for growth: NITI Aayog CEO

NITI Aayog CEO B.V.R. Subrahmanyam on Friday released the first working paper on tax policy, stressing that a stable, certain, and predictable tax system is critical for boosting investment, creating jobs, and driving India's economic growth.

Speaking at the release, Subrahmanyam said that uncertainty in tax laws discourages businesses and investors.

“Uncertainty is not good for investment. Uncertainty is not good for citizens. People want stability, predictability, uniformity, and transparency in taxation,” he said.

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He pointed out that tax laws that are vague or open to multiple interpretations create confusion, disputes, and litigation. This not only affects businesses already in India but also discourages new investors from coming in.

“If a la