Startup founder says 'at least in Europe, you get good roads
Wisdom Hatch founder Akshat Shrivastava on Thursday raised concerns over India’s high indirect taxes, questioning whether taxpayers are getting value for the amount they pay in GST. "Europe and India have some of the highest indirect taxes in the world,” Shrivastava wrote on X, comparing indirect tax rates globally.
He pointed out that US state sales tax ranges from 2.9% to 7.25%, whereas European nations impose VAT between 17% and 27%. Other countries have relatively lower indirect taxes, such as UAE (5%), Australia (10%), Canada (5%), China (6-13%), while India’s GST varies from 5% to 28%.
Highlighting the stark contrast in public infrastructure, Shrivastava remarked, “At least in Europe, you get good pavements to walk. And, non-eroded roads. What do we get after paying so much GST?”
Europe and India have some of the highest indirect taxes in the world.
- US State sales tax: 2.9% to 7.25%
- EU: 17% to 27%
- UAE: 5%
- Australia: 10%
- Canada: 5%
- China: 6% to 13%
- India: 5% to 28%
Indirect taxes hit everyone.
