The sharp cut brings India's corporate tax rate on par with the global average of 23.79% and closer to the Asian average of 21.09%. The move will also help pitch India as a manufacturing destination to companies looking for alternatives to China. The 15% tax for new manufacturing firms in India compares favourably with countries like Vietnam (20%).from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Qm0XpU
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