News
The final days of India's tax checkpoints
- Date:
- May 7, 2017
- Source:
- Nikkei
India is about to see the last of its state border checkpoints, which cost its economy an estimated $21.3 billion a year. The checkpoints currently exist to levy taxes, but an ambitious unified national sales tax system will be put in place on July 1 that will make the posts unnecessary. The move is expected to significantly trim the sometimes hours-long waits that truckers and other carriers now…