Mar 5, 2011


Indian Finance Minister Pranab Mukherjee recently released a commemorative Rs. 150/- coin to mark 150 years of the establishment of the Income Tax Department of India. The coin (seen in the image) features the outline of a person, and a honeybee sitting on a lotus. The choice of these symbols is because this person opined that the process of taxation shouldn't be painful for the taxed, and that governments should collect taxes like a bee, sucking just the right amount of honey from the flower allowing both to flourish.

Who was this person? (The name of his most famous work can be translated into English as "Economics".)

Image: The Telegraph

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