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.
Denne historien er fra November 12, 2024-utgaven av The Morning Standard.
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Denne historien er fra November 12, 2024-utgaven av The Morning Standard.
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WHY FOREIGN INVESTORS ARE EXITING INDIA
FOREIGN Institutional Investors (FIIs) are offloading their holdings in India at a scale not seen in years.
Judicial sparring oven a missing phrase in final judgment
Justice Nagarathna in her verdict quoted Justice Chandrachud as observing that \"The Krishna Iyer doctrine does a disservice to the broad and flexible spirit of the Constitution.\"
NorthEast edge Punjab FC in ISL
NORTHEAST United FC recorded a terrific 2-1 victory against Punjab FC at the Jawaharlal Nehru Stadium as an early burst by their frontline paved the way for the Highlanders to grab three points from this encounter in the Indian Super League (ISL) on Saturday.
High-flying Chelsea see off Leicester
CHELSEA survived a late Leicester rally to win 2-1 on Enzo Maresca's return to the King Power Stadium on Saturday, moving just a point behind second-placed Manchester City in the Premier League.
China Masters: Sat-Chi go down fighting in semis
INDIAN doubles pair of Satwiksairaj Rankireddy and Chirag Shetty were involved in an engrossing contest and they were stretched to their limits on Saturday.
Netherlands reach first Davis Cup final
NETHERLANDS reached the Davis Cup final for the first time with a battling 2-0 win over Germany on Friday, with captain Paul Haarhuis labelling the feat \"unique\".
Challenger & king set for game of thrones
The beginning of the city-state's wet season couldn't have been more pronounced.
Gajewski the 2nd with multiple roles
Challenger & king set for game of thrones
Perth-certificate: India make opening statement
With record partnership, openers put India in command on day two
Never signed pact to operate airport in Kenya: Adani
BILLIONAIRE Gautam Adani's group on Saturday clarified that it had not entered into any binding agreement to operate Kenya's main airport.
