10 percent tax on luxury weddings

10 percent tax on luxury weddings

World February 18, 2017 06:48

new delhi - A tax of 10 percent on the cost of lavish weddings in India. As far as Member Ranjeet Ranjan, her proposal will soon be law in the country where each year around ten million couples tie the knot.

Families that more than 500 000 rupees (7,000 euros) to spend on a wedding need thereof according to the proposed 10 percent donate to a special government fund. This is then subsidized the weddings of poorer families, so Ranjan tells CNNMoney. 'Many families from the middle class do not have much money, but feel in Indian society must tackle with a big party. '

The proposal gives the authorities the right to impose a limit on the number of guests and the number of dishes served, the latter to prevent food waste.

In India, weddings are often lavish parties that can last several days and whose cost can run into millions of euros. Hundreds of guests are no exception. Bangalore gave a mine owner in November reportedly more than 70 million euros to the wedding of his daughter. The money went including to Brazilian samba dancers and monitoring.

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