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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-trace').style.display = (document.getElementById('cakeErr67f0875f1fbcc-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0875f1fbcc-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-code').style.display = (document.getElementById('cakeErr67f0875f1fbcc-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-context').style.display = (document.getElementById('cakeErr67f0875f1fbcc-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0875f1fbcc-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-The Telegraph<br />
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<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">click here</a> to access.
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<br />
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<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">click here</a> to access.
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Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit-4688107.html"/>
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<strong>The corporate tax cut could undermine the promise to cap the fiscal deficit</strong></h1>
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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’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.<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> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-trace').style.display = (document.getElementById('cakeErr67f0875f1fbcc-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0875f1fbcc-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-code').style.display = (document.getElementById('cakeErr67f0875f1fbcc-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-context').style.display = (document.getElementById('cakeErr67f0875f1fbcc-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0875f1fbcc-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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<code><span style="color: #000000"><span style="color: #0000BB"> </span><span style="color: #007700"><</span><span style="color: #0000BB">meta http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type" </span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html; charset=utf-8"</span><span style="color: #007700">/>
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-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">click here</a> to access.
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<em>A low tax regime is not enough; investors need to see demonstrable action to ease the pangs of doing business in India<br />
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<br />
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<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">click here</a> to access.
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Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
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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</pre></div></pre>latest-news-updates/the-corporate-tax-cut-could-undermine-the-promise-to-cap-the-fiscal-deficit-4688107.html"/>
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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
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<strong>The corporate tax cut could undermine the promise to cap the fiscal deficit</strong></h1>
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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’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.<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> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-trace').style.display = (document.getElementById('cakeErr67f0875f1fbcc-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0875f1fbcc-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-code').style.display = (document.getElementById('cakeErr67f0875f1fbcc-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0875f1fbcc-context').style.display = (document.getElementById('cakeErr67f0875f1fbcc-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0875f1fbcc-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<span class="code-highlight"><code><span style="color: #000000"> <link rel="canonical" href="<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">); </span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">category</span><span style="color: #007700">-></span><span style="color: #0000BB">slug</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>/<span style="color: #0000BB"><?php </span><span style="color: #007700">echo </span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-></span><span style="color: #0000BB">seo_url</span><span style="color: #007700">; </span><span style="color: #0000BB">?></span>.html"/>
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-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">click here</a> to access.
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<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 />
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<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">click here</a> to access.
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<strong>The corporate tax cut could undermine the promise to cap the fiscal deficit</strong></h1>
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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’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.<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> </font>
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-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’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.<br />
<br />
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<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">click here</a> to access.
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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
A wave of euphoria has swept through industry and stock markets since the finance minister, Nirmala Sitharaman, announced...',
'disp' => '<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’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.<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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-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’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.<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">click here</a> to access.
</div>',
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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...'
$disp = '<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’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.<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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LATEST NEWS UPDATES | The corporate tax cut could undermine the promise to cap the fiscal deficit | Im4change.org
The corporate tax cut could undermine the promise to cap the fiscal deficit
-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.
