Saturday, January 15, 2011

CUT CORPORATE TAX TO 25%

Industry chambers have asked the Finance Ministry to reduce corporate tax to 25 per cent from the existing rate of 30 per cent so that India Inc is left with more money to make big-ticket investments. The reduction of the corporate tax rate to 25 per cent would bring the tax regime in the country at par with that of developed Western nations and make the country's corporate sector more competitive globally.

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