Page 6 - Corporation Tax

Govt measures don't address slowing consumption demand, says Matt Wacher

Wacher says the investment manager is underweight on India

From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut

While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy

Can India end the exemption raj in personal income tax system as well?

In the process, the corporation tax system would also become more transparent, with reduced scope for litigation and discretion

Corporation tax cut: Toyota plans to bring key global suppliers to India

Toyota may set up a separate entity for electric, hybrid vehicles

Significant upside hinges on demand revival in cement industry: Analysts

Cut in corporation tax provides respite, say analysts

Govt's decision to cut corporation tax likely to impact power bill

The source of power, renewable or non-renewable, and the nature of the market, regulated or merchant, will be a factor in deciding whether the cost would go down

Corporation tax cut: Bond yields may harden, rupee likely to remain stable

The liquidity framework is expected to make rate management conditioned on the prevailing liquidity in the system

Corporation tax rate cut to simplify tax administration, reduce litigation

The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies

Consumption needs to revive

The cut in corporation tax rate could potentially boost margins of companies

Now, the kitchen sink: Finance minister has kissed fiscal restraint goodbye

Lack of demand ails the economy. But that's not addressed, nor are declining exports; the bad old habit of 'loan melas' is back; and tax has been cut in a way that hurts states, writes T N Ninan

PM Modi hails corporation tax rate cut as historic move for economic boost

The government on Friday slashed corporate tax rates for companies by almost 10%

FM Nirmala Sitharaman announces corporation tax rate cuts: 7 Highlights

The finance minister announced a slew of measures to boost the slowing Indian economy

How're corporation tax cuts going to be financed? Is this helicopter money?

Slashing the government's take from corporate profits to 25.2 per cent from 34.9 per cent has given a boost to stock-market sentiment

Japan's ruling bloc approves tax cut to 20% for firms that raise wages 3%

The proposal, which would be effective for three years from fiscal 2018, needs parliamentary approval to be enacted.

Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil

CRISIL Research on Sunday said top 1,000 listed companies could see tax savings of Rs 37,000 crore on account of the corporate tax cut. "Over the past few days, a slew of measures have been introduced to address the slowdown in the Indian economy. Friday's announcement, however, is the most material...Our analysis indicates these 1,000 companies could see tax savings of Rs 37,000 crore, or nearly a fourth of the total savings anticipated by the government," it said in a statement. The drop in tax rate would now bring India at par with most Asian economies, it added. "CRISIL Research's analysis of nearly 1,000 companies -- spread across 80+ sectors such that they cover more than 70 per cent of NSE's market capitalisation -- indicates that effective tax rates had risen over the past 5 years," it said. These companies, including oil & gas and financial services, account for nearly a third of the tax paid by India Inc. "These estimates are based on profit before tax for fiscal 2019. .

Experts see fiscal risk in tax cut, say will have minor impact on growth

According to Nomura, the fiscal deficit during the current fiscal may swell to 3.6 per cent of the GDP due to revenue shortfall arising from the reduction in corporate tax

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

Direct tax collection sees dismal growth; mid-August mop-up growth under 5%

The collections had shot up that year because people regularised their unaccounted income by paying higher levies

Pruning schemes

With government expenditure under squeeze, many central schemes will come under scrutiny and a few of them may be wound up

FM Sitharaman hints at corporation tax cut, silent on FPI surcharge

Promises simplifying tax laws