Watch | Will Corporate Tax Cuts Save India's Economy?
Avichal Dubey
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Union finance minister Nirmala Sitharaman has announced a cut in the rates of corporate taxes for domestic companies, reducing it from from 30% to 22%. At the same time, the government has abolished the Minimum Alternate Tax (MAT) imposed on companies.
This exemption given in tax will put an additional burden of Rs 1.45 lakh crore on the government. This announcement has been welcomed by the corporate world, but will the common man benefit from it? More importantly, will these decisions bring the Indian economy back on track? Avichal Dubey of The Wire speaks to market experts on this subject.
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