India’s Finance Minister had all the right intentions when she proposed a tax on horse trading. Probably being advised that her party the BJP would carry the heavy burden of the tax, she quickly corrected herself to say she meant Horse Racing.
“The GST Council yesterday deferred a decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said. But while saying so, a delicious Freudian slip was made: she said there would henceforth be a tax on “horse trading” – the sport the BJP just played in Maharashtra – before correcting herself to say “horse racing”. Watch here Roland. Toronto.
