The 12th Plan document by the Government of India is to submit a proposal to The National Development Council‘(NDC) a Sin Tax on Tobacco and Alcohol.
Laudable indeed.
How about a Sin Tax on Bribe?
Even a .1% on those who contest elections based on their current assets/income and subsequent increase in the assets would definitely net a better return!
It might also consider Sin Tax on ‘Rape’ and on ‘Politicians over 60’!
India has mooted the introduction of a designated “sin tax” to finance a part of the health budget during the 12th five year plan (2012-2017).
The 12th plan document, to be submitted to the National Development Council (NDC) presided over by Prime Minister Manmohan Singh, says “a sin tax can lead to reduced consumption of harmful items such as tobacco and alcohol and could be considered”.
What is a Sin Tax?
“A sin tax is a kind of sumptuary tax: a tax specifically levied on certain generally socially proscribed goods and services, for example alcohol andtobacco, candies, soft drinks, fast foods, coffee, and gambling.'(wiki)Philippine President Benigno Aquino III defeated the Catholic Church and the tobacco lobby by using his popularity to push through twin laws to provide free condoms to the poor and boost taxes on cigarettes and liquor.
http://www.sfgate.com/world/article/Philippines-OKs-sin-tax-free-condoms-4136956.php#ixzz2FwFOmbQS
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