Merge CBDT and CBEC?
IT seems the Union Law Minister Veerappa Moily has suggested to the Finance Minister to merge the CBEC and CBDT to tackle black money effectively. He has cited the example of UK where the Direct and Indirect Taxes Departments were merged into Her Majesty's Revenue and Customs (HMRC). Moily feels that a unified department to cover both direct and indirect taxes would provide enormous information advantages on a single business across various taxes that they pay. This would make tax administration more information based as cross-information is not available when two departments are separate.