The correct answer is: d) All of the above.
The Mizoram Tax Reforms Commission was set up in 2016 to review the state’s tax system and recommend reforms to simplify the system, increase revenue collection, and broaden the tax base. The Commission submitted its report in 2017, and the government has since implemented some of the recommendations.
The Commission found that the state’s tax system was complex and inefficient, and that it was not meeting the needs of the state’s economy. The Commission recommended a number of reforms, including simplifying the tax code, reducing the number of taxes, and broadening the tax base.
The government has since implemented some of the Commission’s recommendations, including simplifying the tax code and reducing the number of taxes. The government is also working to broaden the tax base by increasing the number of people who pay taxes.
The reforms are expected to simplify the tax system, increase revenue collection, and broaden the tax base. This will help the state to improve its finances and provide better services to its people.
Here is a brief explanation of each option:
- Option a: Simplify the tax system. The Commission found that the state’s tax system was complex and inefficient. The Commission recommended simplifying the tax code by reducing the number of taxes and tax rates.
- Option b: Increase revenue collection. The Commission found that the state’s tax system was not meeting the needs of the state’s economy. The Commission recommended increasing revenue collection by simplifying the tax code and reducing the number of taxes.
- Option c: Broaden the tax base. The Commission found that the state’s tax base was narrow. The Commission recommended broadening the tax base by increasing the number of people who pay taxes.