What to expect from the Dream Team

 The effective corporate tax rate today is around 30 per cent, the rates being higher for capital-intensive companies. Industry would gain from a lower corporate tax but not if depreciation rates are lowered.  According to Ketan Dalal, senior partner, RSM & Co, this might not be the right time to lower depreciation rates since the capex cycle has just begun to turn. EOUs, EPZs and FTZs would be hurt if existing exemptions are prematurely withdrawn, which seems unlikely.  Industry has suggested that existing exemptions be