Page 8 - Corporate Tax Cut
Diwali comes early for companies as FM offers tax cuts to lift up economy
The measures are to boost investment and manufacturing under the Make in India initiative
 "Diwali comes early for companies as FM offers tax cuts to lift up economy")
Corporate tax cut to boost manufacturing; unutilised capacity a concern
Industry stakeholders said the lower tax payable would now mean more liquidity in the books of companies, which should reflect in higher investment
 "Corporate tax cut to boost manufacturing; unutilised capacity a concern")
Corporate tax cut: Booster shot for the economy, says Dinesh Kanabar
Though I welcome the reduction of tax rates for corporates, I wonder why the benefits have been restricted to corporates and not to other business entities
 "Corporate tax cut: Booster shot for the economy, says Dinesh Kanabar")
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")
Realtors hope tax cut will boost demand for residential properties
Rajiv Talwar, chief executive at DLF, the country's largest listed property developer, said when there is more money in the hands of corporate entities and people, it will makes a difference
 "Realtors hope tax cut will boost demand for residential properties")
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")
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")
How the tax rate cut will impact earnings of top listed companies
Combined tax liability of companies in higher tax bracket is likely to reduce by Rs 45,000 crore
 "How the tax rate cut will impact earnings of top listed companies")
New corporate tax rates closer to global ones, says Shaktikanta Das
The finance minister on Friday slashed the effective corporate tax rates to 25.17 per cent (inclusive of all cess and surcharges) from 30 per cent for all domestic companies
 "New corporate tax rates closer to global ones, says Shaktikanta Das")
Impetus to Make in India, claims PM Modi; Oppn says it's timed for US visit
Congress leader Rahul Gandhi alleged the cut has been announced with the objective of making PM's Houston 'jamboree' a success
 "Impetus to Make in India, claims PM Modi; Oppn says it's timed for US visit")
Worst-case scenario is a 0.5% fiscal slippage: Ashima Goyal on tax cut
If towards the end of the year, government finds that the deficit is rising, then they may cut expenditure, Goyal said
 "Worst-case scenario is a 0.5% fiscal slippage: Ashima Goyal on tax cut")
Govt's tax cut move dictated by PM's 'Howdy Modi' event in US: Congress
Rahul Gandhi said he is "amazed" at what Prime Minister Modi is ready to do for a stock market bump ahead of the event in Houston.
 "Govt's tax cut move dictated by PM's 'Howdy Modi' event in US: Congress")
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")
Lower corporate tax rates to boost manufacturing, Make in India: Industry
The FM announced slashing on corporate tax on new manufacturers to 15 per cent, 22 per cent to all others
 "Lower corporate tax rates to boost manufacturing, Make in India: Industry")
India's corporate tax cuts credit negative, will widen fiscal deficit: S&P
MUMBAI (Reuters) - Rating firm S&P Global said on Friday India's move to cut corporate tax rates was a "credit negative development" despite potentially boosting the broader economy as it will widen its fiscal deficit.
 "India's corporate tax cuts credit negative, will widen fiscal deficit: S&P")
Foreign investors say tax cuts ease concerns about India economy
The effective corporate tax rate for all domestic companies will be 25.2%, lowered from 30%, the government announced Friday
 "Foreign investors say tax cuts ease concerns about India economy")
Healthcare industry welcomes govt's decision to slash corporate tax rate
In a major fiscal booster, the government on Friday slashed effective corporate tax to 25.17 per cent inclusive of all cess and surcharges for domestic companies
FM's tax cuts: Prospects of higher govt borrowings spook bond market
10-year yield rises to 6.82% at 12:35 p.m. from yesterday's close of 6.64%; rupee gains 34 paise to trade at 70.98 a dollar
 "FM's tax cuts: Prospects of higher govt borrowings spook bond market")
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")
