AS discussions around potential cuts in the US corporate tax rate gain momentum post-Donald Trump's presidential victory, India may find itself at a critical juncture, needing to reassess its own corporate tax framework to remain competitive in attracting foreign investment.
However, experts are of the view that the dynamics of tax rates are complex and influenced by various factors beyond mere comparison with US rates.
The government announced a significant cut to the corporate tax rate for domestic companies from 30% to 22% in 2019, and for new manufacturing companies, the rate was set at 15%.
Despite these reductions, India's corporate tax rates remain relatively high compared to some ASEAN and OECD economies.
Diese Geschichte stammt aus der November 12, 2024-Ausgabe von The Morning Standard.
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Diese Geschichte stammt aus der November 12, 2024-Ausgabe von The Morning Standard.
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THE FLAVOURS OF WINTERS IN OLD DELHI
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Almodóvar's new film is fearlessly female
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Jharkhand 136/3 against hosts Delhi on Day 1
OPENER Sharandeep Singh scored a dogged unbeaten 64 as Jharkhand batters were painstakingly slow in their approach, reaching 136 for 3 on a rain-curtailed opening day of their Ranji Trophy match in New Delhi on Wednesday.
WHO WILL BE PUJARA IN AUS?
Veteran batter was crucial in India's dominance Down Under in the past two campaigns
UP overcome TN 3-1 to book semis berth
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Dream come true: Nepal enter women's U19 WC
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