gfiles magazine

April 17, 2018

GOVERNANCE : Regulating wealth


WHEN US President Donald Trump announced a reduction in corporate tax rate from 35 per cent to 21 per cent, there was almost universal clamour in India for getting similar reduction during the budget exercises of 2018. Ultimately, the corporations succeeded in getting corporate tax rate reduced from 30 per cent to 25 per cent for companies having an annual turnover of up to Rs. 250 crore, which comprised 99 per cent of the total corporate strength in tax net, leaving the tax structure for individuals and others untouched.




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