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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