Friday, August 17, 2012

CSR Not Good Yardstick for Our Altruism

Because Mauritians have always been generous and caring when it came to giving a helping hand to the less fortunate. And that too when tax rates were at more sustainable levels. So why did this thing come into existence? Well it was one of the arrows in the toxic bean-counter's quiver: when growth rates required to sustain his fiscal irresponsibility never showed up he had to become a little bit creative to make up for the shortfall of funds. And as he and his university buddy accumulated policy blunders after policy blunders the tax rates had to keep adjusting as a perusal of budget and other documents will confirm.

Mind you am not saying that some good stuff hasn't been done through the CSR. But nowhere does it come close to the perverse scale of the Sithanen toohrooh.

1 comment:

Sanjay Jagatsingh said...

Armand Maudave says 85% of altruists are fake. How do you like that?

So Love Bridge is going to make up for hundreds of billions of rupees of missing GDP?