AS discussions around potential cuts in the US corporate tax rate gain momentum post-Donald Trump's presidential victory, India may find itself at a critical juncture, needing to reassess its own corporate tax framework to remain competitive in attracting foreign investment.
However, experts are of the view that the dynamics of tax rates are complex and influenced by various factors beyond mere comparison with US rates.
The government announced a significant cut to the corporate tax rate for domestic companies from 30% to 22% in 2019, and for new manufacturing companies, the rate was set at 15%.
Despite these reductions, India's corporate tax rates remain relatively high compared to some ASEAN and OECD economies.
This story is from the November 12, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 12, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
No Captains' Shoot, Opening Ceremony
INDIA captain Rohit Sharma will not travel to Pakistan as there will be no captains' photo-shoot or joint press conference ahead of the 2025 Champions Trophy starting on February 19.
'No idea where to search for my mom'
After Maha Kumbh stampede, many missing persons untraceable; devotees continue to take holy dip
SC raps Centre for dragging ex-Army men to court over disability pension
The Supreme Court on Thursday pulled up the Centre for dragging retired army personnel to court by filing \"frivolous appeals,\" and asked it to frame a policy in connection with their disability pension cases.
BOB Net Profit Up 5.6% to ₹4,837 Cr as Margin Falls
SECOND-LARGEST state-run lender Bank of Baroda on Thursday reported ₹4,837 crore net profit in the quarter ending December, which is just 5.6% higher than the ₹4,579 crore it had booked a year ago.
Rape-accused Cong MP from Sitapur arrested during press conference
A chase of nearly two weeks ended when police arrested Congress MP Rakesh Rathore on rape charge in his constituency Sitapur while he was addressing a press conference on Thursday.
Forces foil infiltration bid at LoC in Poonch
SECURITY forces on Thursday foiled an infiltration attempt by a heavily armed group of militants along the Line of Control (LoC) in the border district of Poonch in Jammu and Kashmir.
Hospital nurse dies from Ebola in Uganda
A nurse in Uganda has died of Ebola in the first recorded fatality since the country's last outbreak of the disease ended in early 2023, a health official said on Thursday.
Flats, ₹10L insurance in AAP promises for domestic helps
WITH days to go for the Delhi Assembly polls, AAP chief Arvind Kejriwal on Thursday announced seven guarantees, including EWS flats and working hour rules, for domestic workers employed at official residences of MPs, ministers, and government officers.
Trump Wants to Send Illegals to Gitmo
President orders construction of detention camp in Cuba to hold up to 30,000 migrants
Security lapse: Man tries to take selfie with Reddy
A major security lapse at the Telangana Secretariat came to light after a man, posing as a government employee, infiltrated the high-security complex and attempted to take a selfie with Chief Minister A Revanth Reddy after his press conference on Tuesday.
