Political Funding - 2

Process Integrity 

The PDD (Policy Development Deduction) addresses political donations by Corporates and all entities that prepare auditable operating accounts for taxation purposes.  

The businesses will have to get receipts from the Political Parties to be able to claim PDD. The audit trail of such receipts needs to be established : the issuing political parties must have PAN.  

The current faceless political donation process.

To ensure that the rightful person is collecting cheques /donations on g=behalf of the right Political entity that the Business wishes to support, all politicians must be issued a PIN- Politician Identity Number- same as DIN to identify directors on the Boards of Companies.

The political fund raiser identifies himself with a valid PIN, approaches a business for donations. A business /Corporate who also has a PAN, issues the cheque to the Party with a PAN. The Fund raiser issues a receipt with due PAN and PIN.  

Therefore, the transaction happens in a transparent and traceable manner.