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Budget unlikely to trim corporate tax rates : report

Name: Budget unlikely to trim corporate tax rates : report
Uploaded: 2019-06-10T14:12:41.000+05:30
Duration: T00M29S
Channel: Editorji News Desk
Description: 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 g...

Updated: Jun 10, 2019 08:42

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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.

Taxation Arun Jaitley Nirmala sitharaman

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Budget unlikely to trim corporate tax rates : report

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