What does Chanakya policy say on tax and trade?
Chanakya niti: In today’s modern economic era, where governments are constantly improving tax and trade policies, the ‘economics’ of Acharya Chanakya, a great economist and strategist of Indian history, is still relevant today. Chanakya policy provides deep understanding not only on politics and diplomacy, but also on economy, tax and business. Chanakya had imagined a state in his policies where the interest of both the king and the subjects is safe. Let us know what Chanakya policy says about tax and business and what we can learn from it in today’s time.
Chanakya’s ‘bee’ principle on tax
Chanakya never considered tax as a burden, but described it as the basis of the prosperity of the state. His most famous principle is the principle of ‘bee’. “Just as the bee takes the same juice from the flowers, so that the flower does not cause any harm and its work is also done, similarly the king should also do the same as much from the subjects so that there is no burden on the subjects and the state can be operated.”
This means that the tax rates should be so much that citizens can easily repay them and they are not forced to give a large part of their earnings to the state. Chanakya also said that suddenly and heavy tax, there is dissatisfaction in the subjects. He believed that tax should be increased slowly and in a phased manner, just as it slowly adds to the water in the water.
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Honesty in business and following rules
Chanakya policy states that the basis of business is trust. The businessman should treat his customers and partners honestly. Fraud or false measurement causes damage to business in a long time.
Diversity in economic system
Chanakya suggested that the state should not depend on income from only one source. Such as agriculture, mining, handicrafts, trade and import-exports should all be promoted. This keeps the state’s economic condition strong and stable.
Correct use of tax
Chanakya said that the tax that is charged from the public should be properly and transparent. Tax money should be invested in public interest, such as road, irrigation, security and education.
Business policy policy
According to Chanakya, the state should provide safety, facilities and stable environment to the traders. This will make the business flourish and the income of the state will also increase.
Disclaimer: The information given in this news is based on Chanakya policy. TV 9 India does not confirm this.