Ease of business
One important recommendation is for improving the environment for investments. Currently, there is huge amount of litigation in court on Income tax on investments made in Equity. For Capital formation, what is very pertinent, is to increase the confidence of investor investing without any worries of differential taxes. For e.g. one investor investing into equities is subject to different tax treatment, if its done using different vehicles, which is absurd. Ultimately any kind of investment made in equities should have simple one rate of taxation as determined by the government. Any rationalization in making it simple, clear and more importantly uniform would be greatly welcomed.
These can be made uniform even for other instruments of investments.
I can contribute on this subject a lot, as its my profession of investing money. Happy to help. more