Page 6 - Latest Updates on Corporation Tax
Corporate tax cut a consolation for benchmarks in volatile year
Sensex gained 12% while Nifty ended up 10% despite challenges such as the trade war andtrade war and economic slowdown
 "Corporate tax cut a consolation for benchmarks in volatile year")
Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October
A combination of factors is responsible. This includes a deepening of the general economic slowdown and corporation tax cuts
 "Slowdown blues: Direct tax mop-up growth slumps to 3.5% till mid-October")
Corporates 2.0: Profit with a purpose
The corporation is more than just about sustainable production. It is about companies taking into account the social order in which they operate
 "Corporates 2.0: Profit with a purpose")
Excellent meeting with Nobel Laureate Abhijit Banerjee, says PM Modi
Esther Duflo not present at the meeting
 "Excellent meeting with Nobel Laureate Abhijit Banerjee, says PM Modi")
Standout performance: Corporation tax cuts spur gains for domestic markets
On September 20, Finance Minister Nirmala Sitharaman announced a reduction in the country's effective corporation tax rate from around 35% to 25%
 "Standout performance: Corporation tax cuts spur gains for domestic markets")
Corporation tax rate cut to help Nalco tide over sagging alumina prices
The sobering of global alumina prices and stablisation in supplies have made it very difficult for Nalco to sustain the high profit momentum of last fiscal
 "Corporation tax rate cut to help Nalco tide over sagging alumina prices")
Re-measure deferred tax assets, liabilities for tax rate changes: EY India
MAT credit is recognised as a deferred tax asset
 "Re-measure deferred tax assets, liabilities for tax rate changes: EY India")
Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc
Fifteen heavyweight companies have accumulated MAT credit in excess of Rs 1,000 crore each
 "Rs 75,000-crore minimum alternate tax credit dilemma grips India Inc")
Two in three cos may shift to new corporation tax rates immediately: Crisil
Half of those shifting may use tax savings for ongoing capex to strengthen balance sheet
 "Two in three cos may shift to new corporation tax rates immediately: Crisil")
Stock mkt more polarised after tax cut; 91% of gains cornered by 13 firms
RIL, HDFC Bank account for 32.4% of total BSE 500 m-cap gains since the cut in tax; 91% of gains cornered by 13 firms
 "Stock mkt more polarised after tax cut; 91% of gains cornered by 13 firms")
Restoring high growth
Look beyond large corporations and release the growth potential of farmers and small entrepreneurs
 "Restoring high growth")
Corporation tax cut benefit unlikely for 90% manufacturing enterprises
The gap is even wider with new manufacturing companies, which will be taxed at 17.2%
 "Corporation tax cut benefit unlikely for 90% manufacturing enterprises")
Consumer sentiment to remain subdued; banks may re-rate: Vinay Paharia
While previous concerns such as domestic as well as global economic slowdown continue to remain, valuations have become attractive due to the improvement in the underlying fair value.
 "Consumer sentiment to remain subdued; banks may re-rate: Vinay Paharia")
Tech view: Time to be bullish on consumption stks ahead of festive season?
With festival season round-the-corner, companies are hoping for a pick-up in the overall consumption, which along with the cut in corporation tax, would aid earnings growth over the next few quarters
 "Tech view: Time to be bullish on consumption stks ahead of festive season?")
Corporate tax cut can improve India Inc dividend by 40%: ICICI Securities
ONGC, BPCL, Coal India, Hero Motocorp, NMDC, Power Grid and Infosys are the top picks for the brokerage in the high-dividend space
 "Corporate tax cut can improve India Inc dividend by 40%: ICICI Securities")
ICICI Bank m-cap nears Rs 3 trillion-mark; stock hits record high
In the past one-week, the stock of ICICI Bank has outpaced the market by surging 18 per cent after the government announced reduction in the corporation tax rates.
 "ICICI Bank m-cap nears Rs 3 trillion-mark; stock hits record high")
How corporation tax cut has made rupee carry trade more lucrative
Going long on the rupee with borrowed dollars offered the best returns in the past month in Asia
 "How corporation tax cut has made rupee carry trade more lucrative")
Govt measures don't address slowing consumption demand, says Matt Wacher
Wacher says the investment manager is underweight on India
 "Govt measures don't address slowing consumption demand, says Matt Wacher")
Homebuyers unlikely to gain from reduction in corporation tax rates
Property developers are unlikely to pass on any benefit to homebuyers in the form of price cuts
 "Homebuyers unlikely to gain from reduction in corporation tax rates")
From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut
While they acknowledge a possible rise in the fiscal deficit as a result of this measure, they do suggest investors who with a long-term investment horizon use the opportunity to buy
 "From HDFC Bank to ITC: Shopping list of brokerages post corporation tax cut")
