THE COR­PO­RATE TAX PUZ­ZLE

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE -

Fi­nance min­is­ter Arun Jait­ley,

in his bud­get speech last year, said the govern­ment will re­duce the cor­po­rate tax rate to 25% over the next four years from 30% at present. But this would be ac­com­pa­nied by a cor­re­spond­ing phase-out of tax ex­emp­tions and de­duc­tions, which would bring more clar­ity to the tax regime, he said

In Novem­ber the govern­ment

had laid down a com­pre­hen­sive road map for phas­ing out the cor­po­rate tax ex­emp­tions over the next two years as it looks to re­duce the tax rate, sim­plify the ad­min­is­tra­tion and im­prove In­dia’s com­pet­i­tive edge glob­ally.

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