The government may consider a fast-track dispute resolution forum to help clear the case backlog. It may even look at further optimising pending refunds and possibly look at quicker resolution for taxpayers, potentially translating into cash inflows for them and higher consumption levels. This could be a big positive in terms of higher transparency for investors looking to invest in India. … [Read more...] about Budget 2020: What next after the corporate tax cut?
Colorado s corporation tax return
"It's very complex to know how to tax a multinational... We desperately want it to be fair," the Apple CEO added after receiving an inaugural award from the Irish state agency responsible for attracting foreign companies recognising the contribution of multinationals in the country. … [Read more...] about Apple’s Tim Cook says global corporate tax system must be overhauled
"The Union Budget could announce a roadmap for convergence of all corporate tax rates to 15 percent, with no exemptions and incentives, by April 1, 2023. A signaling to this effect could help further boost investor sentiment and encourage investments," CII President Vikram Kirloskar said. … [Read more...] about Announce convergence of all corporate tax rates to 15% in Budget: CII
"Budget this year will be one of the most critical ones in many years. Its objective will be to drive up consumption and investment spending. We expect the Budget to have large-scale measures on both the fronts," said Raghvendra Nath, Managing Director at Ladderup Wealth Management.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Corporate tax cut cheer: 40 NSE stocks gain 30-108% since Sept 2019
Back-of-the-envelope calculations suggested that the Nifty 50 EPS (earnings per share) for FY20 could ceteris paribus (other conditions remaining the same) witness a mid-single-digit upgrade on the back of the corporate tax cut. However, the consensus EPS has not witnessed any earnings upgrade for the Nifty 50 post this event. It would appear that, in aggregate, the benefit accruing from the tax cut is being offset by the pressure from weak trends in economic growth. Top down on a P/E (price to earnings) basis, the market is not cheap, trading well above average and that limits the possibility of a re-rating. However when you disaggregate the data it tells a slightly different story. There is a wide divergence in valuations between sectors and stocks. There are some pockets which have re-rated to a significant premium to long term valuations and others which now trade at a significant discount to long term valuations. In other words there is potential at a micro level for … [Read more...] about Markets are taking comfort from the government’s continuous engagement with industry: UTI AMC