Budget 2018: Corporate America urges Arun Jaitley to reduce tax uncertainty

Arun Jaitley, Budget

Ahead of the Budget 2018, corporate America has urged Finance Minister Arun Jaitley for further reduction in tax uncertainty for multinational companies and institutional investors, a step which it said would help attract more foreign direct investments to India.

"A significant positive step toward improving the investment climate would be to further reduce tax uncertainty for multinational companies and institutional investors in India," Nisha Desai Biswal, the president of the US India Business Council (USIBC), said in a memorandum submitted to Jaitley.

Noting that in today's economic environment, scarce capital is allocated to markets offering optimal returns, Biswal said global businesses allocate investments where post-tax returns for a given risk profile are highest.

Comments

Post a Comment

Popular posts from this blog

Modi's Budget 2018 dilemma: Win rural voters or stick to deficit plan

Image
BUDGET 2018 - Indian high Minister Narendra Modi has a difficult balancing act in this week’s budget: preserving monetary prudence or handing out coins to placate rural electorate in advance of subsequent yr’s election. After scoring a unprecedented sovereign improve late closing year, Modi desires to maintain global traders and credit-score agencies on his aspect. Key to so one can be sticking his purpose to slim one in all Asia’s largest finances deficits. Bond traders have already concluded that Finance Minister Arun Jaitley will deviate from those plans when he supplies his price range on Thursday, with yields mountain climbing ninety six foundation factors within the beyond six months, the maximum in Asia. in the ultimate complete finances before the elections, Jaitley needs a increase boost for an economic system that’s slowing right down to a four-12 months low, while appeasing angry younger electorate, who contributed to the ruling celebration’s worst overall performa...
Read more

Budget 2018: India biggest arms importer, but defence of realm falters

Image
BUDGET 2018 - India is the 5th largest army spender (2016) inside the global and the biggest importer of arms, accounting for thirteen% of the arena’s total imports among 2012 and 2016, consistent with the Stockholm international Peace research Institute, a assume tank. however, over 3 years to 2017-18, there has been a nine% decline in budget allocation for capital investments towards necessities, or “projections” in officialese, a element that might delay procurement and modernisation of the defense force, in keeping with a document by way of the Parliamentary status Committee On Defence 2017-18, an advisory frame to the defence ministry, provided to the Lok Sabha (lower house of Parliament) on December 19, 2017. The air pressure capital price range turned into forty six% decrease than its requirements, the army's become 41% and the army's 32%, the document said. The price range for defence expenditure–together with revenue (salaries, transportation expenses, stor...
Read more

Centre's FY19 capex may rise 16% to Rs 3.6 trn, as pvt sector remains shy

Image
BUDGET 2018 - Finance Minister Arun Jaitley is looking at yet another year of the Central Government and state-owned companies carrying a bulk of infrastructure spending. The Centre’s capital expenditure for 2018-19 could be at least Rs 3.6 trillion (Rs 3.6 lakh crore), about Rs 510 billion (RS 51,000 crore) or 16 per cent higher than 2017-18 budgeted estimates of Rs 3.09 trillion (Rs 3.09 lakh crore). For PSUs and the Centre combined, the capex target is easily expected to cross Rs 4.2 trillion (Rs 4.2 lakh crore), Business Standard has learnt. This would be the highest for any given year, and would surpass the previous high by a wide margin. The 2018-19 budget, to be presented by Jaitley on February 1, will be last full budget before the 2018-19. While it isn't expected to be outright populist, it will still be huge on public spending. Officials say higher outlay on projects in sectors such as roads, railways and affordable housing will help in job creation. “While t...
Read more