Budget unlikely to trim corporate tax rates : report

Business daily Mint reports that Finance minister Nirmala Sitharaman will not cut the tax rate for large companies to 25% from 30% in the forthcoming budget. She may in fact look at raising long-term capital gains tax, as the government grapples with a potential revenue shortfall and additional spending commitments.The promise of lowering the corporate tax rate to 25% was made by Sitharaman’s predecessor, Arun Jaitley, in the budget for FY16.