India should let tele migration bloom before worrying about how to tax writers, creators and consultants, says India’s Chief Economic Advisor K V Subramanian
Telemigrationhas become mainstream over the last one year or so, allowing people to work from the comfort of their homes.
- This has been enabled in large part due to the wider availability of 4G and optical fibre broadband.
- India’s chief economic advisor, KV Subramanian, said that the WFH culture needs to bloom first before the government worries about taxing these workers.
In a conversation with Business Insider during the Future of Work 2021 event, India's chief economic advisor,
And there’s a good reason behind this. With adequate internet connectivity, millions of employees and organisations have realised that it’s not necessary to have people in offices all year round.
With that said, telemigration comes with its own challenges, with the most important one being how do you decide where you have earned your income from. From a taxation point of view, determining the place of business is important to understand the tax jurisdiction.
But before being overly enthusiastic about promoting tele migration with tax-friendly policies, or being too aggressive about taxing these workers, Subramanian said telemigration needs to bloom properly and become capable of standing on its feet.
Chief Economic Advisor, @SubramanianKri says that govts should let telemigration bloom before worrying about taxing… https://t.co/eLKoegrZPZ— Business Insider India (@BiIndia) 1631808799000
To explain this, he gave the analogy of how bees pollinate flowers by sucking a small amount of nectar, leaving the rest for the flower to bloom. The bees are analogous to the government, in this instance.
Taxation must be thought of in a symbiotic way, instead of being over-enthusiastic at this point of time.
Subramanian also explained that telemigration has benefits for workers, too.
He also added that often, those who work from home are often more committed because they don’t have to become migrant workers.
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