What Was Lost By Corporate Tax Cut Could Have Doubled the Budget for 20 Crucial Ministries and Departments

In 2019 the Government of India announced a reduction of corporate tax rate from 30 per cent to 22 per cent, along with a further reduction to 15 per cent for new corporations. The Parliamentary Committee on Estimates has recently stated that this has led to a revenue loss of Rs. 1.84 lakh crore to the public exchequer in the[Read More...]