Mumbai Broker's Tax Complaint: Nirmala Sitharaman's Witty Response

Broker Criticizes Heavy Taxation; Finance Minister Responds with Humor

A Mumbai broker complains about heavy taxation on investors. Finance Minister Nirmala Sitharaman responds with humor, highlighting tax policies and infrastructure achievements.

A Mumbai broker complained that investors bear the risk while the government benefits from a "heavy tax burden" at an event attended by Finance Minister Nirmala Sitharaman. He described the government as a "sleeping partner," earning more from taxes like GST, IGST, stamp duty, STT, and capital gains tax than the brokers themselves. This comparison drew a smile from Sitharaman, who responded humorously, "A sleeping partner cannot answer sitting here." She also highlighted the Modi government's significant infrastructure achievements over the past decade.