New Delhi, Jan 5 || Public trust in tax remains strongest in Asia and India stands out for its relatively strong tax morale and trust in the fiscal system, a report showed on Monday.
Nearly 45 per cent of Indian respondents believe that tax revenues are spent for the public good, while 41 per cent view paying taxes as a contribution to their community rather than an additional cost, reinforcing the idea of tax as a shared civic responsibility, according to the report released jointly by ACCA, IFAC, Chartered Accountants Australia and New Zealand (CA ANZ) and the OECD.
Reflecting high ethical standards, 68 per cent of Indian respondents said they would never justify cheating on tax, even if given the opportunity, the report noted.
Additionally, the survey also highlights India’s strong alignment between taxation and sustainability outcomes, with 80 per cent of Indian respondents indicating they would be willing to pay a small to significant additional amount of tax to support sustainable development goals, underscoring broad public acceptance of fiscal policy as a tool for long-term social and environmental progress.