The Government on Saturday proposed to cut corporate taxes to 25 per cent from the present 30 per cent over the next four years.
“The first and foremost is to deal with the problems of black money, which eats into the vitals of our economy,” Finance Minister Arun Jaitley said presenting the Union Budget .
The corporate taxes in India have been higher than that in many other countries, he said.
This will lead to higher level of investment, higher level of growth and more job opportunities.
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Published on February 28, 2015
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