Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

The government’s revenue needs for increased expenditure in the next fiscal year should be met through increased tax collection, fuelled by economic recovery, and improved technology-driven enforcement instead of a new tax, revealed findings of a poll conducted by KPMG.

However, around 29 per cent of the respondents expect a new Covid-19 cess on existing taxes. The government is expected to lift its expenditure to fuel growth, at a time when the economy is set to see its first contraction in decades.

Due to the financial impact of the pandemic, a majority of respondents of the poll expect an increase in tax