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Why tax troubles may jinx corona response
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On the first of every month, the central government usually announces the latest figures for a tax number that is a barometer of the economy and the government’s own ability to finance its large spending: collections from the goods and services tax (GST).
It didn’t on 1 May and chose to defer the release instead. But word was that the latest monthly GST collections—representing taxable economic activity in March—were about one-third of what the government used to collect in pre-covid months.
Beginning mid-March, businesses were pulling back as a rampaging virus cast a web of disease and fear across India. Any formal activity that required people to be in some degree of proximity started shuttering.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
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United Kingdom
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Cases: 9 215 683
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Russia
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Cases: 8 494 589
Deaths: 237 619
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