Bring down corporate tax rate to 25 percent: ICC to centre
Emphasising on the need for regaining the growth momentum, a business chamber has urged the central government to bring down the corporate tax rate to the global average of 25 percent and remove levies like surcharge and education cess to generate more investible surplus with the corporates.
In a meeting with senior union finance ministry officials ahead of the central budget, a delegation of the Indian Chamber of Commerce, Kolkata, also strongly objected to the proposed GAAR (General Anti Avoidance Rule) rules.