Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Telegraph

A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India

A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced..."/>
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A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India

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                            <div align="justify">-The Telegraph<br /><br /><em>A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India<br /></em><br />A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent, placing India on a par with China, South Korea and Indonesia and slightly above Thailand&rsquo;s 20 per cent. Automobiles, banks, capital goods, consumer staples, diversified financials and oil and gas players will benefit from the tax cut. Utilities, information technology firms and pharmaceutical players are not expected to benefit at all. The government is hoping that the lower tax rate will persuade foreign multinationals to set up plants in the country, jump-starting investment, jobs and economic growth that sank to a six-year low of 5 per cent in the quarter ended June 30. But a low tax regime is only one of the factors that investors will look at closely: they need to see demonstrable action to ease the pangs of doing business in India. Businesses are troubled by the thicket of land and labour regulations in the country and the tardiness in obtaining state and Central approvals, and they remain wary of India&rsquo;s reputation for capricious policy-making.<br /><br />India Inc is, however, chuffed about the move to bury the deeply-loathed minimum alternate tax. Corporate India has always had a big grouse over MAT, complaining that companies end up paying tax even when they are wallowing in losses because of the formula of calculating book profits on which the levy is based. <br /><br />Please <a href="https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template" title="https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template">click here</a> to access.</div>                                                           
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                            <div align="justify">-The Telegraph<br /><br /><em>A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India<br /></em><br />A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent, placing India on a par with China, South Korea and Indonesia and slightly above Thailand&rsquo;s 20 per cent. Automobiles, banks, capital goods, consumer staples, diversified financials and oil and gas players will benefit from the tax cut. Utilities, information technology firms and pharmaceutical players are not expected to benefit at all. The government is hoping that the lower tax rate will persuade foreign multinationals to set up plants in the country, jump-starting investment, jobs and economic growth that sank to a six-year low of 5 per cent in the quarter ended June 30. But a low tax regime is only one of the factors that investors will look at closely: they need to see demonstrable action to ease the pangs of doing business in India. Businesses are troubled by the thicket of land and labour regulations in the country and the tardiness in obtaining state and Central approvals, and they remain wary of India&rsquo;s reputation for capricious policy-making.<br /><br />India Inc is, however, chuffed about the move to bury the deeply-loathed minimum alternate tax. Corporate India has always had a big grouse over MAT, complaining that companies end up paying tax even when they are wallowing in losses because of the formula of calculating book profits on which the levy is based. <br /><br />Please <a href="https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template" title="https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template">click here</a> to access.</div>                                                           
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                            <div align="justify">-The Telegraph<br /><br /><em>A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India<br /></em><br />A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent, placing India on a par with China, South Korea and Indonesia and slightly above Thailand&rsquo;s 20 per cent. Automobiles, banks, capital goods, consumer staples, diversified financials and oil and gas players will benefit from the tax cut. Utilities, information technology firms and pharmaceutical players are not expected to benefit at all. The government is hoping that the lower tax rate will persuade foreign multinationals to set up plants in the country, jump-starting investment, jobs and economic growth that sank to a six-year low of 5 per cent in the quarter ended June 30. But a low tax regime is only one of the factors that investors will look at closely: they need to see demonstrable action to ease the pangs of doing business in India. Businesses are troubled by the thicket of land and labour regulations in the country and the tardiness in obtaining state and Central approvals, and they remain wary of India&rsquo;s reputation for capricious policy-making.<br /><br />India Inc is, however, chuffed about the move to bury the deeply-loathed minimum alternate tax. Corporate India has always had a big grouse over MAT, complaining that companies end up paying tax even when they are wallowing in losses because of the formula of calculating book profits on which the levy is based. <br /><br />Please <a href="https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template" title="https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template">click here</a> to access.</div>                                                           
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Home हिन्दी

The corporate tax cut could undermine the promise to cap the fiscal deficit

Published on Sep 24, 2019   Modified on Sep 24, 2019

-The Telegraph A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced a sharp cut in corporate tax to an effective rate of 25.17 per cent. The effective tax rate will now go down sharply from a high of 34.94 per cent, placing India on a par with China, South Korea and Indonesia and slightly above Thailand’s 20 per cent. Automobiles, banks, capital goods, consumer staples, diversified financials and oil and gas players will benefit from the tax cut. Utilities, information technology firms and pharmaceutical players are not expected to benefit at all. The government is hoping that the lower tax rate will persuade foreign multinationals to set up plants in the country, jump-starting investment, jobs and economic growth that sank to a six-year low of 5 per cent in the quarter ended June 30. But a low tax regime is only one of the factors that investors will look at closely: they need to see demonstrable action to ease the pangs of doing business in India. Businesses are troubled by the thicket of land and labour regulations in the country and the tardiness in obtaining state and Central approvals, and they remain wary of India’s reputation for capricious policy-making. India Inc is, however, chuffed about the move to bury the deeply-loathed minimum alternate tax. Corporate India has always had a big grouse over MAT, complaining that companies end up paying tax even when they are wallowing in losses because of the formula of calculating book profits on which the levy is based. Please click here to access.

The Telegraph, 24 September, 2019, https://www.telegraphindia.com/opinion/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit/cid/1707034?ref=must-read_home-template

Tagged with: Corporate Tax Fiscal Responsibility and Budget Management Act FRBM Act fiscal deficit

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