Govt withdraws 3% equity tax on health and education amid public backlash
Summary
The government has withdrawn the planned 3% equity tax on private education and healthcare services after public backlash, focusing instead on non-tax measures for equitable access.
Key Points
- The government has withdrawn the 3% equity tax on private education and healthcare services following public criticism.
- Prime Minister Balendra Shah announced the withdrawal after consultation with Finance Minister Dr Swarnim Wagle.
- The tax was initially intended to fund expanded access to quality education and healthcare in underserved areas.
- The government will continue to pursue equitable access through non-tax policies, including mandates for private hospitals and educational institutions to reserve 10% of beds and seats for disadvantaged citizens.
