India corporate tax reform to help spur investment

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NEW DELHI - As Prime Minister Narendra Modi starts his seven day visit to the United States on Saturday (Sept 20, US), he will be bringing to American investors the pitch that India now boasts a corporate tax rate that is among the lowest in the world.. Read more at straitstimes.com.

NEW DELHI - As Prime Minister Narendra Modi starts his seven day visit to the United States on Saturday , he will be bringing to American investors the pitch that India now boasts a corporate tax rate which is among the lowest in the world.

The move is seen to be a gamechanger as the cuts put India among countries that have a low corporate tax rate, and will make the South Asian country more competitive for foreign investment. On Saturday , Mr Modi will participate in a round table meeting with the chief executives of energy companies. Mr Trump, who has called India"tariff king", removed the South Asian country in June from a list of beneficiary developing nations under the Generalised System of Preferences programme that allowed duty-free entry for up to US$5.6 billion worth of its annual exports to the US.The US has been pushing India to further open its markets to diary products and medical devices, among others, and provide a more favourable business climate for its companies.

 

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