The Resource 1860 : India's first income tax

1860 : India's first income tax

Label
1860 : India's first income tax
Title
1860 : India's first income tax
Creator
Subject
Language
eng
Summary
This article tells the story of India's first income tax, and the men and events that shaped it - explaining why the tax was introduced, its scope and operation, and why it failed. It is a story told against a backdrop of civil war and bitter bureaucratic infighting. It centres on the conflict between James Wilson (India's first finance minister and founder of The Economist) and Sir Charles Trevelyan (Governor of Madras). The argument between the entrepreneur turned politician and the colonial civil servant ended in a manner neither expected. The passing of the Income Tax Act in 1860 illustrates a crucial and ultimately irreversible transition in the Raj. Not least of these changes was the shift from local to central revenue administration. The income tax, and the reforms that went with it, form part of the foundations of modern India
Citation source
In: British tax review. - London. - (2012),
http://library.link/vocab/creatorName
Jenkins, C.L
Geographic coverage
  • European Union
  • Europe
Language note
English
http://library.link/vocab/subjectName
  • income tax
  • history of taxation
  • tax avoidance
Label
1860 : India's first income tax
Publication

Library Locations

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