Page 6 - Latest Updates on Corporation Tax
Govt measures don't address slowing consumption demand, says Matt Wacher
Wacher says the investment manager is underweight on India
 "Govt measures don't address slowing consumption demand, says Matt Wacher")
Homebuyers unlikely to gain from reduction in corporation tax rates
Property developers are unlikely to pass on any benefit to homebuyers in the form of price cuts
 "Homebuyers unlikely to gain from reduction in corporation tax rates")
From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut
While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy
 "From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut")
Can India end the exemption raj in personal income tax system as well?
In the process, the corporation tax system would also become more transparent, with reduced scope for litigation and discretion
Firms opting for lower tax regime can't adjust accumulated credits on MAT
The ordinance to cut the corporation tax rate has said MAT provisions will not apply to a company which has exercised the option for a lower rate of tax
 "Firms opting for lower tax regime can't adjust accumulated credits on MAT")
Corporation tax cut: Toyota plans to bring key global suppliers to India
Toyota may set up a separate entity for electric, hybrid vehicles
 "Corporation tax cut: Toyota plans to bring key global suppliers to India")
Govt's decision to cut corporation tax likely to impact power bill
The source of power, renewable or non-renewable, and the nature of the market, regulated or merchant, will be a factor in deciding whether the cost would go down
 "Govt's decision to cut corporation tax likely to impact power bill")
Corporation tax cut: Bond yields may harden, rupee likely to remain stable
The liquidity framework is expected to make rate management conditioned on the prevailing liquidity in the system
 "Corporation tax cut: Bond yields may harden, rupee likely to remain stable")
Significant upside hinges on demand revival in cement industry: Analysts
Cut in corporation tax provides respite, say analysts
 "Significant upside hinges on demand revival in cement industry: Analysts")
How're corporation tax cuts going to be financed? Is this helicopter money?
Slashing the government's take from corporate profits to 25.2 per cent from 34.9 per cent has given a boost to stock-market sentiment
 "How're corporation tax cuts going to be financed? Is this helicopter money?")
Corporation tax rate cut to simplify tax administration, reduce litigation
The corporation tax rate has been reduced from the existing 30-25 per cent to 22 per cent all the domestic companies
 "Corporation tax rate cut to simplify tax administration, reduce litigation")
Consumption needs to revive
The cut in corporation tax rate could potentially boost margins of companies
 "Consumption needs to revive")
Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil
The drop in tax rate would now bring India at par with most Asian economies, the report added
 "Top 1,000 listed firms may see tax savings of Rs 37k cr on tax cut: Crisil")
Experts see fiscal risk in tax cut, say will have minor impact on growth
According to Nomura, the fiscal deficit during the current fiscal may swell to 3.6 per cent of the GDP due to revenue shortfall arising from the reduction in corporate tax
Now, the kitchen sink: Finance minister has kissed fiscal restraint goodbye
Lack of demand ails the economy. But that's not addressed, nor are declining exports; the bad old habit of 'loan melas' is back; and tax has been cut in a way that hurts states, writes T N Ninan
PM Modi hails corporation tax rate cut as historic move for economic boost
The government on Friday slashed corporate tax rates for companies by almost 10%
 "PM Modi hails corporation tax rate cut as historic move for economic boost")
FM's tax cuts: Prospects of higher govt borrowings spook bond market
10-year yield rises to 6.82% at 12:35 p.m. from yesterday's close of 6.64%; rupee gains 34 paise to trade at 70.98 a dollar
 "FM's tax cuts: Prospects of higher govt borrowings spook bond market")
FM Nirmala Sitharaman announces corporation tax rate cuts: 7 Highlights
The finance minister announced a slew of measures to boost the slowing Indian economy
 "FM Nirmala Sitharaman announces corporation tax rate cuts: 7 Highlights")
Direct tax collection sees dismal growth; mid-August mop-up growth under 5%
The collections had shot up that year because people regularised their unaccounted income by paying higher levies
 "Direct tax collection sees dismal growth; mid-August mop-up growth under 5%")
Pruning schemes
With government expenditure under squeeze, many central schemes will come under scrutiny and a few of them may be wound up
 "Pruning schemes")
