Country will have lower tax regime with declining tax evasion and higher tax payer base: Arun Jaitley

Mumbai: Finance Minister Arun Jaitley today stated that India can have a lower tax regime simply when the tax payer base will mount and on the other hand tax evasion comes down.

Finance Minister said that if all pay their taxes then the tax rates may perhaps be brought down and higher the evasion and exemptions the higher will be the tax rate.

He further stated his opinion that moderate tax rate and evasion cannot coexist.