Corporate tax
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Panama Papers: IMF chief urges transparency to stop corporate tax avoidance
International Monetary Fund chief Christine Lagarde called today for financial “transparency” among multinational companies to counter tax avoidance schemes in which less-developed countries suffer the most.
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Proposal to cut corporate tax to 25% will bring transparency: India Ratings
Government’s proposal to cut corporate tax to 25 per cent over three years is likely to bring in transparency in tax collections, India Ratings and Research said today.
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Budget 2016: ‘Remove notional tax on second house’
Currently, individuals are taxed at slab rates depending upon the level of income but the tax rates are very complex as they comprise of not only the basic rate (10% or 20% or 30%) but also tax levied on account of levy of education cess @ 2% & secondary and higher education cess @1% on the basic rate and surcharge
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Budget 2016 expectations: Govt may cut corporate tax by 1%, say experts
Arun Jaitley in his last Budget had announced phased reduction in corporate taxes over four years to 25 per cent from present 30 per cent, and also simultaneous withdrawal of exemptions.
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Editorial: Bye bye, retro tax?
Modi sounds more definitive, will lose face if not done
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Commerce ministry renews plea for MAT waiver for SEZs
The commerce ministry has renewed its demand that developers of special economic zones (SEZs), as well as the
units in these enclaves, be given exemption from minimum alternate tax (MAT) and dividend distribution tax (DDT). -
Corporate tax rate reduction: To retain or remove exemptions
As we move towards GST, it appears the logical corollary is to do away with various privileges
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Finance Ministry extends deadline for comments on corporate tax reduction
In a bid to give stakeholders sufficient time to study the plan, the Finance Ministry has extended the deadline to give comments on the roadmap for corporate tax exemption by over three weeks till December 31.
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Govt unveils road map for phasing out corporate tax exemptions
India has unveiled details of its plan to phase out some tax exemptions for companies as the government looks to simplify tax laws and make them transparent before it lowers the tax rate.
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Most corporate tax breaks to go from April 1, 2017
Finmin signal of no change in sunset date ends ambiguity
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CBDT proposes roadmap for elimination of corporate tax exemption
Government may not extend sunset clauses with regard to tax exemption and phase out investment- linked and area based deductions as part of exercise to reduce corporate tax to 25 per cent from 30 per cent over the next four years.
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Corporate tax could be cut to 25% earlier than expected: Revenue Secy Hasmukh Adhia
Govt preparing blueprint for dealing with existing tax litigations, says Revenue Secretary Hasmukh Adhia.
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Corporate tax rate may fall 1% in FY17 while bigger sops remain
Finance minister Arun Jaitley may start with just token measures to phase out corporate tax exemptions in the Budget for FY17 but may nevertheless drop the corporate tax rate by one percentage point.
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Govt allays MNCs’ tax worries
CBDT directive calls for transfer price audits only when the revenue risk is high
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Arun Jaitley pledges a friendly tax regime, 25% corporate tax
Finance Minister Arun Jaitley today reiterated the government’s commitment to bring in a “reasonable and globally-competitive tax regime” through reduction in corporate tax rate to 25 per cent over the next four years.
