Topic: corporate tax
The world is losing $200 billion a year because of tax havens
New research suggests 10% of the world's largest multinational firms are responsible for 98% of profits shifting to tax havens.
Modi says action against corruption isn’t a govt crackdown on corporate
PM Modi, whose govt has set a $5 trillion economy target by 2024, asked India Inc to shun pessimism and assured them of govt support in its attempts to expand.
Corporate tax cut was designed to attract investment, generating jobs: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman made the statement as she moved the Taxation Laws (Amendment) Bill, 2019 for consideration and passage in Lok Sabha.
Manmohan Singh right about fear? Industrialists hailed corporate tax cut but silent now
PM Manmohan Singh has cited fear in Indian society as one of the factors responsible for the slowdown in economy.
Income Tax dept to seek Rs 1 trillion cut in tax collection targets
The government set a tax collection target of Rs 13.8 lakh crore during the interim budget in February, which was revised to Rs 13.35 lakh crore when budget was presented in July.
Soumya Kanti Ghosh says RCEP ‘no pact for India’, Ajit Ranade calls the move ‘defensive’
The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
Tax collected until September is just 37% of full-year target — lowest since 2014-15
According to the Controller General of Accounts, tax collection until September is 2.6% lower than last year — a sign that slowdown is affecting govt revenues.
IMF supports Sitharaman’s corporate tax cuts, says it will help revive investment in India
International Monetary Fund also says India should address continued fiscal consolidation and secure long-term stability of fiscal conditions.
Pratap B Mehta on protest, M Sabnavis on making bank deposits safe & what millenials want
The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
Aakar Patel criticises Gadkari over electric cars, Murugan says Gandhi’s ‘silence’ helped
The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
Students in Kashmir attended regular classes for only two weeks in the last one year
The price Kashmir’s economy paid for 5 August: ₹40,000 cr and unemployment levels twice the national average.
India isn’t facing up to the true financial cost of Covid
Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.
Defence
India, China generals meet today as ‘PLA keeps up Pangong incursions, blocks army at Depsang’
The fresh round of dialogue comes as India and China have hit a stalemate in military talks with regard to disengagement at multiple flashpoints in Ladakh.
Modi redefined secularism with Ram Mandir as Hindu voters were fed up of Sonia-Left version
Assumptions that Indian secularism died with Ram Mandir bhoomi pujan are bunk. It is enshrined in the Constitution, and is worth preserving.