US tax cut may find echo in Budget

The US corporation tax rate has been reduced to 21%, from 35%

The recently passed tax law change in the US is going to increase the pressure on the Narendra Modi government to move faster on its earlier commitment to reduce the corporation tax rate to 25 per cent. And, to offer more to India Inc for making local companies more competitive.

The US corporation tax rate has been reduced to 21 per cent, from 35 per cent. Experts say this increases pressure on Finance Minister Arun Jaitley to cut these rates in the coming 2018-19 Union Budget. 

In the 2015-16 Budget, he’d promised a reduction in the corporation tax rate, from