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.
Bu hikaye The Morning Standard dergisinin November 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Morning Standard dergisinin November 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
The Holiday Nutrition Dilemma
With non-starchy vegetables like greens, carrots, or broccoli. Reserve 25 percent for lean proteins like turkey or fish.
Anupam Sud's canvas fabulises our times
THE Journey A Full Circle', a solo art exhibition by Anupam Sud, has opened recently at Palette Art Gallery.
THE BIRDS ARE COMING
As winters attract varied bird species to Delhi-NCR, TMS heads to Okhla Bird Sanctuary for an insightful walk.
From Melbourne with season's greetings
TRAVIS HEAD was running back and forth on one corner of the outfield at the Melbourne Cricket Ground.
PL leaders Liverpool host Leicester, Arsenal prepare for life without Saka
CHRISTMAS Premier League chart-toppers Liverpool are overwhelming favourites to see off struggling Leicester on Boxing Day (Thursday).
SA Eye WTC Final in 2-Test Series vs Pak
SOUTH AFRICA will be eyeing a place in the World Test Championship final with an all-seam attack against Pakistan in the first Test, starting Thursday.
Coaching & playing: Twin role with purpose for badminton nat'l's finalists
SHUTTLERS Lokeshviswanathan and Naveen P's journey is a tale of perseverance, hard work and resourcefulness. In the just-concluded national championships in Bengaluru, the doubles specialists from Tamil Nadu were one of the standout performers as they reached the title match before going down with a fight.
Where will India captain bat?
IT'S been a question that followed India captain Rohit Sharma from the moment he landed in Perth.
Booming Bumrah
PACER, WHO BURST ONTO THE SCENE SIX YEARS AGO, HAS GOTTEN BETTER WITH TIME TO BECOME ONE OF THE MOST INFLUENTIAL BOWLERS OF HIS ERA
Food delivery app Waayu expands to 25 cities
ZERO-commission food delivery app Waayu, which announced its expansion into 25 cities across the country, aims to onboard 10,000 restaurants in six months and targets 1 lakh restaurants in three years.
