The Hindu Business Line : FICCI wants Govt to lessen tax burden on corporate India

THE Federation of Indian Chambers of Commerce and Industry (FICCI) has made a case for lowering the tax burden of Indian companies so as to make them competitive in the international market.

A study on Indian tax system, the findings of which were released on Sunday, carried out by the chamber has revealed that the high incidence of direct and indirect taxation in India vis-a-vis other countries has blunted the competitive edge of Indian industry.

Stating that Corporate India's direct tax burden today stands at over 40 per cent, the study has said that corporate tax rates in other countries varies between 17.5 and 28 per cent.

More Stories on : Taxation | Industry Associations | Budget

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Coimbatore firm launches branded cotton yarn

GR Cables plans preferential offer

Annual report award

FICCI wants Govt to lessen tax burden on corporate India

Radico gets export duty waiver for grain distillery in UP

Many suitors for Bombay Burmah's coffee plantation business — Deal may cost Rs 85 crore

Bennett to pick up 6% stake in Sahara India

Country Club eyeing acquisitions

BHEL to set up thermal project in Sudan

ONGC may invest in oil sand extraction projects

W. Asia Maritime in deal with Japan firm to charter bulk carrier

GSK Pharma to bring in more products, intensify research

Glenmark's prospective obesity drug set for phase I trial in May