In its boldest gambit yet to stir up the economy, the government has issued an ordinance to reduce the corporate tax rate for domestic firms and new manufacturing units by 10 to 12 percentage points, effectively bringing India’s tax rates on par with its competing Asian peers.
Issue
Context
In its boldest gambit yet to stir up the economy, the government has issued an ordinance to reduce the corporate tax rate for domestic firms and new manufacturing units by 10 to 12 percentage points, effectively bringing India’s tax rates on par with its competing Asian peers.
Background
Tax rate changes
Analysis
Benefits of corporate tax rate cut
Issues surrounding the corporate tax rate cut
Way forward
Learning Aid
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