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.
Esta historia es de la edición November 12, 2024 de The New Indian Express.
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Esta historia es de la edición November 12, 2024 de The New Indian Express.
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Big ideas, thin characters, little feeling
Perhaps it’s the repetition of certain ideas, or perhaps it’s the undeniable power of Shankar’s hit cinema, but it’s impossible not to think of his earlier works—his heyday, shall we dare call it— while watching game Changer.
HIGH ON EMOTION, STARVED OF STORY
VANANgAAN feels like a mishmash of vague Balaesque ideas.
Basking In Blooms
Flower Show sees spectators, young and old, cherishing a joyful walk through the alleys adorned with nature's colours.
FORMULA E FIASCO LAYS ASIDE PUBLIC INTEREST
TELANGANA'S political circuit is abuzz with the curious case of the Formula E race in Hyderabad-held with fanfare in February 2023-in which the then municipal administration and urban development (MAUD) minister and BRS working president KT Rama Rao stands as the first accused.
FISCAL TIGHTNESS MAY FURTHER SLOW DOWN ECONOMY
INDIA'S real GDP growth rate is pegged at a four-year-low of 6.4 percent for 2024-25, weighed down by a likely decline in manufacturing and investments.
All skirmish, no substance
IRECTOR Vaali Mohan Das' Madraskaaran, in its trailer, was reminiscent of a 2000s best action entertainer, where a hero returns to his native place, messes with the local don and prevails in a cat-and-mouse game.
FOG ALERT
Forgetfulness is something we've all experienced, whether it's misplacing keys or blanking out during a conversation. But for many, it's no longer an occasional hiccup—it's a daily struggle.
Tracks Of Triumph
The tricolour flag hoisted high above the open ground waved in the air, symbolising freedom and unity.
Verses, visuals, and a vision
These words by the only female alvar (poet-saint), Andal, discuss the concept of water cycle in her collection, Thiruppavai.
RSPB vs WFI: Railway wrestlers may miss out on National Games
ONCE again the rift between the Railway Sports Promotion Board (RSPB) and Wrestling Federation of India (WFI) is set to jeopardise the future of grapplers.
