Page 3 - Latest Updates on Corporate Tax
India Inc hails tax cuts, says move will boost investments, spur demand
MNCs may relocate new factories to India as tax cut to 15% for new factories
 "India Inc hails tax cuts, says move will boost investments, spur demand")
Enjoying tax holidays, IT firms won't gain much from the rate cut
The effective tax rate for TCS in FY19 stood at 24.1 per cent, while for HCL Technologies, it was 19.8 per cent
 "Enjoying tax holidays, IT firms won't gain much from the rate cut")
Corporate tax cut likely to help demand, make consumer goods cheaper
FMCG sector experts said consumer goods will be one of the biggest beneficiaries of the tax cut
 "Corporate tax cut likely to help demand, make consumer goods cheaper")
How India's new corporate tax rates compares with its Asian counterparts
The new tax rates now bring India broadly in line with its South-East Asian counterparts
 "How India's new corporate tax rates compares with its Asian counterparts")
FM's tax cuts may give more elbow room to govt to sign the RCEP deal
Key pain point of Indian industry, of being a high-cost producer of goods, substantially reduced; Indian tax on companies now slightly below average Asian level
 "FM's tax cuts may give more elbow room to govt to sign the RCEP deal")
Festival bonanza from FM: Corporation tax rate slashed to boost investments
The measures announced by the finance minister will hit the exchequer by Rs 1.45 trillion a year
 "Festival bonanza from FM: Corporation tax rate slashed to boost investments")
Loud cheer in markets for FM's booster, poised for biggest gain in a decade
Tax on domestic companies will be slashed to 22 per cent from 30 per cent, Finance Minister Nirmala Sitharaman said Friday
 "Loud cheer in markets for FM's booster, poised for biggest gain in a decade")
Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza
The reduction in corporate tax rates follows a series of steps to boost demand and investments after growth slowed to 5% in the quarter ended June
 "Big smile and two thumbs up: Industry's response to govt's $20-bn bonanza")
Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more
From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday
 "Top 10 biz headlines: Firms may get tax relief, fresh DHFL default & more")
The scale of India's economic challenge
The government shouldn't worry about the latest quarterly growth figures
 "The scale of India's economic challenge")
Corporate tax cuts don't go far enough
The single most long-standing demand of India Inc has been a reduction of the corporate tax rate
 "Corporate tax cuts don't go far enough")
Lower the corporate tax rate
Small changes in taxation can kick off disproportionate responses by way of shifts in capital
 "Lower the corporate tax rate")
At 48.3% in 2018, corporate taxes in India among highest in the world
The combined corporate tax rate in India is more than one-and-a-half times that of Japan, and over double that of Russia and the UK: Report
 "At 48.3% in 2018, corporate taxes in India among highest in the world")
How can we tax footloose MNCs?
Apple has become the poster child for corporate tax avoidance
 "How can we tax footloose MNCs?")
Listed companies paid a little less than a third of corporate tax in FY18
Tax outgo for listed companies grew even slower at a CAGR of 5% during the period
 "Listed companies paid a little less than a third of corporate tax in FY18")
Govt to take action against 225,000 cos for not filing financial statements
Section 248 of the Companies Act -- which is implemented by the corporate affairs ministry -- provides powers to strike off names of companies
 "Govt to take action against 225,000 cos for not filing financial statements")
Corporate tax to come down to 25% once exemptions end, says Arun Jaitley
In the Union Budget 2018-19, presented last week, Jaitley provided for lower tax rate for corporates with turnover of up to Rs 250 crore
 "Corporate tax to come down to 25% once exemptions end, says Arun Jaitley")
Don't misuse I-T laws, pay taxes as rates are already low: CBDT to industry
Chandra said that the effective tax rate for large companies works out to be 26 per cent after taking into account various exemptions which they enjoy
 "Don't misuse I-T laws, pay taxes as rates are already low: CBDT to industry")
Poor corporate tax collection and reading the tea leaves
Various data points emanating from the government shows there are no signs of growth picking up yet
 "Poor corporate tax collection and reading the tea leaves")
Resolved various legacy issues, moving to 25% corporate tax rate: FM Jaitley
Arun Jaitley further said that India achieved over 7.5% growth rate despite global headwinds
 "Resolved various legacy issues, moving to 25% corporate tax rate: FM Jaitley")