Corporate Tax: Latest News and Updates, Top Stories, Videos, Photos About Corporate Tax

Amazon Triumphs in EU Court, Escapes €250 Million Tax Bill

In a significant victory for Amazon, the European Union's top court ruled in favor of the e-commerce giant, exempting it from paying €250 million (USD 273 million) in back taxes. The decision concludes a protracted legal battle over tax arrangements between Amazon and Luxembourg, dealing a setback to the EU's efforts to combat corporate tax avoidance....

New Corporate Tax To Not Impact Business Between India, UAE: Experts

NRI businesses in the United Arab Emirates remain optimistic about the growth of business transactions between India and the UAE even if a new corporate tax is being introduced in the gulf nation after June 1, this year, financial experts have ...

Corporate Tax Mop, Up Grows 34% Between Apr-July

The income tax department on Friday said corporate tax collections in the first four months of the current fiscal have grown 34 per cent over the year-ago period. During 2021-22 fiscal, corporate tax collections stood at Rs 7.23 lakh crore, a ...

Concessional Corporate Tax Rate: Government Wants Private Cos To Set Up New Manufacturing Units Fast

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, Revenue Secretary Tarun Bajaj said on Friday. ...

India Will Gain From A Global Minimum Corporate Tax Rate of 15%; Experts

India is likely to benefit from the global minimum 15 per cent corporate tax rate pact inked by the world's richest nations as the effective domestic tax rate is above the threshold, and the country would continue to attract investment, tax ...

India Is Losing Over Rs 75,000 Crore Every Year In Tax Revenue Due to Evasion: Report

India is losing over $10.3 billion (about Rs 75,000 crore) in taxes every year due to global tax abuse by MNCs and evasion by private individuals, said a report on Friday by the State of Tax Justice, published by the Tax ...

Budget 2020: CII Wants Convergence Of All Corporate Tax Rates To 15%

The Confederation of Indian Industry (CII) has urged the central government to converge multiple corporate tax rates to 15 percent by April 2023 without any exemptions and make the announcement of such a roadmap in the upcoming Budget to facilitate investment ...

IMF Says Corporate Tax Cut Will Have Positive Impact On Investment In India

On Friday, the International Monetary Fund (IMF) supported the Indian government's decision to cut corporate tax but said that the country needs to address fiscal consolidation and secure long-term stability of the fiscal conditions. "We believe India still has limited fiscal ...

Broader Markets Still Languishing Despite Market Rally

While a few stocks like HDFC Bank and ICICI Bank are very close to 52-week highs, after the spectacular rally, following a cut in the corporate tax rates, the broader market is still languishing. Several high quality stocks from the midcap ...

Stocks To Buy After The Cut In Corporate Tax Rates

It has been a fantastic rally, at least the indices are saying so, ever since the Finance Minister, announced a cut in the corporate tax rate. The Sensex has surged nearly 3,000 points, since the Finance Minister announced a cut in ...

Nifty Private Bank Top Performer; HDFC Bank Scales To New Record High

Nifty and Sensex has for a second-consecutive day shown ground-breaking rally, surging almost 3.2% each. The surge comes in the wake of increased buying in the markets by both domestic and foreign institutional investors. Among the sectoral indices, Nifty Private Bank ...

Hotel Stocks Gain After Corporate And GST Tax Rate Cut

It's a double celebration for the hotel industry after the government reduced corporate tax rate and thereafter provided relief in GST rate on hotel tariffs. Post the development, stocks from the space rallied by 4-15% in intra-day trade on Monday. ...

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