‘Scrap All Taxes’, Says Anil Bokil, the Man Behind Note Ban Plan

Demonetisation is as much as about fighting terrorism as it is about fighting black money, says Anil Bokil.

Economist Anil Bokil, who runs an organisation called ‘Arthakranti’ in Pune has been promoting scrapping of notes with bigger denominations for over 16 years. He had met Narendra Modi in November 2013 for 90 minutes and had come up with two major suggestions.

First, scrapping of 500 and 1000-rupee notes. The second major suggestion was scrapping of the entire existing taxation system with a single ‘bank transaction tax’. One who receives money in any bank transaction will be taxed. The total tax revenue would eventually be divided between the Centre and the states. Will Modi listen to the suggestion?

5 Important Points Made by Bokil:

Full Interview: