Business Daily from THE HINDU group of publications
Monday, Jul 13, 2009
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Business Daily from THE HINDU group of publications Monday, Jul 13, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Mentor
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Income Tax Columns - For the Asking Expense reimbursement What is so scandalous about the British MPs getting reimbursements of their expenses? Don’t company executives do this all the time? Prerna Nangia, New Delhi
There is a vital difference — public office and public money. Norms are always stricter for those holding public offices and who are being paid with public/taxpayers’ money. It is one thing for a company executive to get all his personal expenses reimbursed by the company he is working for even though one cannot condone taking unbridled liberty with shareholders’ funds. But taxpayers’ money is more sacred than shareholders’ funds. It is here that British Parliament came for censure all round. The British MPs have all along got reimbursement of expenses that have nothing to do with their official duties and quite a few of them led by Prime Minister Gordon Brown have been quite blasé about the whole thing on the ground that they after all have been getting a pittance of a salary.
S. MURLIDHARAN More Stories on : Income Tax | For the Asking
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