As Chairman of Tax Reforms Commission
He formulated a systematic reform of the tax system resulting in improved revenue productivity and competitiveness of the State of Karnataka.
The then Karnataka Chief Minister SM Krishna, implemented 80% of the recommendations from the commission resulting in tax revenues increases of Rs. 2200 crores in 2003-04 from recommendations of the commission.
As Chairman of Revenue Reforms Commission
Report submitted during November 2003 recommending reforms in Irrigation, Health, Education and Forest Departments.
Revenue increases of Rs. 1800 crores were reported on implementation of the commission’s recommendations.
He presented the Karnataka State Budgets for 1992-93, 1993–94, 1994–95, 1980–81, 1981-82 & 1982-83.
He set records of revenue surplus during every stint as Finance Minister. His terms as Finance Minister are recounted as of increasing prosperity and progress.
Almost immediately after taking over his appointment as the Chief Minister of Karnataka in 1992, Dr. Moily swung into action and made amendments to increase the revenue from excise. In order to promote Kannada films, he devised a new scheme of extending 50 percent tax concession to Kannada films only within the State.