Digitisation to ensure people pay taxes: Paytm chief

January 19, 2017 23:39

Observing that India is a country with "corruption at mass level", Paytm chief Vijay Shekhar Sharma today said digitisation would eventually kickstart a process where the money trail would ensure that people would be asked to pay tax on the money they have earned.

"India is an amazing country where there are 1.2 billion people but only five million have ever paid a tax of at least one rupee. This is like corruption at mass level.

"We are a God-fearing country but when it comes to government, people say that money is ours. Digitisation starts a process where there would be a trail and people would be asked that you have made money and there is a tax to be paid," he said.

He was speaking at a session at the World Economic Forum in Davos on corruption and how his business model can help address this problem.

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