Q) What will be the fate of manpower engaged in the present tax collection mechanism, which may prove to be redundant because of introduction of Transaction Tax?
Ans. A well thought out Voluntary Retirement plan will have to be offered to all officials presently involved in the collection of revenue. Full salary payment up to retirement and above that, all retirement benefits can be offered to such employees. Since there will be a direct curtailment in all expenses expect human resource cost being paid presently, this is quite feasible/practicable.