TAXATION: Revisit the corporate tax rate
Till recently, the progressive nature of an economy was judged from the percentage of direct and indirect tax contributions to the Revenue. Thanks to global tax competition, average corporate tax rates among 160 countries surveyed by KPMG ...

BOOKS: Inflation tax
How to finance rural development? “Some economists have suggested that the simplest way to finance development in developing countries is to print money or borrow from the banking system; in short, by deficit financing or ...

TAXATION: Clearing the air on services
Just as it is very difficult to find a needle in a haystack, Indian tax laws have been finding it equally difficult to segregate a service element in a composite contract. The State of Madras vs Gannon Dunkerley [(1958) 9 ...

LETTERS: Indians for revival
Thomas Friedman’s reference to Shekhar Gupta’s observation on the loan repayment commitment of Indians in “The open-door bailout” (Business Line, February 11) makes a proud Indian like me ...

LETTERS: Textile, agri sectors
While the liberalisation policy, in India has scored many plus points, it has not been successful in certain areas. One can see that centre is obsessed with IT and ...