The paper seeks to address the issues pertaining to normative underpinnings of sustainable development in contemporary era and envisages vital role of taxes in directing /redirecting Sustainable Development Goals (SDGs).
Monika Singh, PhD Research Scholar, Jindal Global Law School, O.P. Jindal Global University, Sonipat, Haryana, India.
The very essence of this paper lies in two core concepts, which are Inclusive Tax Policies (policies) and Sustainable Development (SD), and the intricacies involved in it. It is possible to achieve an inclusive growth, which is an economic growth in which the growth benefits are distributed more fairly and the wealth distribution is also more equal.
So, a well-thought-out tax policy is a must for the economy to grow and for the government to spend money in a way that is long-term. Consequently, such policies should balance efficiency and equity considerations. It’s also important to keep in mind that SD is a goal-oriented process that needs to balance competing interests, such as the need to solve our problems against the constraints we face as a society and not compromise our development objectives.
In this context, a connectivity between the 2 is an unavoidable counterpoint, given that a sound tax policy developed by any country is at the heart of mobilizing their own resources to accomplish SD. In light of above, the paper shall seek to address the issues pertaining to normative underpinnings of sustainable development in contemporary era and envisaging vital role of taxes in directing /redirecting Sustainable Development Goals (SDGs).
Since there are so many different kinds of policies out there, this paper is broken up into four parts. The first part will talk about where these policies come from, as well as the kinds of challenges they face because of the SDGs.
Afterward, there will be a lot of ideas for how to make these policies work better with the SDGs. In order to help India’s position, this part will also look at the recent discussion from its point of view.
The third and last part of the paper would try to show how things are today and think about the research questions that were raised in the first two parts. This simple structure tries to make people think that a healthy economy needs to be inclusive.
Published in: Specialusis Ugdymas
To read the full article, please click here.