Finance minister P Chidambaram looks at more tax on the rich

"We should consider the argument whether the very rich should be asked to pay a little more on some occasions," Chidambaram told the news channel.

The author has posted comments on this articleReuters | Jan 24, 2013, 10.45AM IST

NEW DELHI: The government should consider charging the very rich more tax, Finance Minister P Chidambaram said in an interview with a news channel aired on Thursday, but emphasized that he believed in " stable tax rates."

"We should consider the argument whether the very rich should be asked to pay a little more on some occasions," Chidambaram told the news channel.

His comments in the lead up to his 2013/14 budget, due to be presented to Parliament on Feb. 28. The Prime Minister's economic advisor recently recommended higher tax rates for the very rich at a time when India is trying to reduce a wide fiscal deficit.

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