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Corporate tax: Where does India’s new tax rate stand against China, US and other east Asian countries?


As per official data, the average top corporate rate among EU countries is 21.68 per cent, 23.69 per cent in OECD countries, and 27.63 per cent in the G7 countries.

  • FM Nirmala Sitharaman today expressed confidence that the tax concessions will bring investments in Make in India, boost employment and economic activity
  • The main objective behind the move is to promote growth and investment
  • With today's cut in corporate tax rates, India is now at par with other East Asian countries and the US on the corporate tax front

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