Need a holistic New Tax Code rooted in the philosophy of keeping it F.L.A.T. for a Vikshit Bharat, assert experts at Think Change Forum seminar

Tax planners' mindset must shift from increasing tax rates to widening the tax base with lower rates for improved collections and compliance
Both direct and indirect taxes must have fewer slabs, lower peak rates; do away with withholding tax; reduce reliance on litigation for meeting targets
Merge the 12% and 18% GST slabs into a single slab of 16%