The Presidential Daily Brief


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    Indian Lawmakers Agree to Historic Tax Reforms

    They’re making it clear they can modernize. India’s tax system is notoriously Byzantine, with a patchwork of state and federal levies imposed as goods and services crisscross the country. Now, in a major victory for Prime Minister Narendra Modi, the country’s upper house of parliament has approved the biggest reforms to the tax system since India gained independence, which will create a single market within India and phase in a simple goods and services tax, or GST, administered electronically. But before that happens half of India’s 29 states have to approve the plan.

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