Lok Sabha passes Bill to effect corporate tax reduction
The Lok Sabha passed a Bill to replace an Ordinance for effecting reduction of corporate tax rates. In the biggest reduction in 28 years, the government in September slashed corporate tax rates up to 10 percentage points as it looked to pull the economy out of a six-year low growth with a Rs 1.45 lakh crore tax break.
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RIL yet to decide on adoption of newer rate of corporate taxation
The gov had last month slashed the corporate tax by ten percentage points, under which the effective outgo for cos will come down to 25.17%. RIL has only reduced the Minimum Alternate Tax (MAT) to 15 per cent from the earlier 18.5 per cent
Tax fears keep family offices at bay from investing in India despite Sebi leeway
Sebi recently announced operational guidelines for FPIs and depository participants.
We are not done with stimulus: Nirmala Sitharaman on reviving economy
A personal income tax rate cut for Sitharaman would be difficult at this juncture.
US hurdle in unified plan to tax digital cos
More reforms needed to boost jobs, incomes: OECD
Restoring growth to the higher levels needed to provide ample jobs and ease inequality will require accelerating the pace of structural reforms to revive investment and exports.
Parliament okays corporate tax cut; FM says software developers, miners not eligible for lower rates
Replying to a debate on the legislation, Sitharaman said a negative list of activities that do not constitute manufacturing has been created and will not be eligible for the lower 15 per cent tax rate for manufacturing firms that are set up after October 1 and that begin operations by 2023.
View: India should now move to standardised, stable and easily understood rates of taxation
Standardisation, simplification, reduction of human interface between tax department and payees, and stability are building blocks of tax reforms.
OECD says India needs to step up reform efforts to increase quality jobs, incomes
The latest OECD Economic Survey of India notes that while India has greatly expanded its participation in global trade in recent years, private investment remains relatively weak, the employment rate has declined amid a shortage of quality jobs, rural incomes are stagnating, and per-capita income varies considerably across states.
View: NDA government could reform India's regressive taxation philosophy
Removing bias in tax treatment can lead to better allocation of resources & end investments slowdown.
View: Why India has a long way to go to win the trust of investors
Sanctity of contracts is important. A new govt annulling a contract impacts the country’s image badly.
Lamborghini expects 30% growth driven by non-metros
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GST structure to be reviewed on revenue concerns
Move comes against the backdrop of states complaining about Centre delaying compensation payments.
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