India: Corporate tax reduction may come sooner than expected

India’s Revenue Secretary, Hasmukh Adhia, has indicated that the government may reduce the country’s corporate tax earlier than previously planned. In February 2015 the government set a four-year deadline for gradually reducing corporate tax from 30% to 25% and repealing certain corporate tax exemptions. The latest timetable for the changes is expected to be released before the end of the year.

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