Tag Archives: corporates

Why India Should Introduce Inheritance Tax Now?

More than the world numbers, the wealth concentration in few individuals in India is alarming with merely 84 billionaires owning wealth worth $248 billion, led by Mukesh Ambani ($9.3 billion), Dilip Shanghvi ($16.7 billion) and Azim Premji ($15 billion) among others. The glaring rich and poor divide is vivid from the corporate world. A top IT firm CEO in India ...

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FM Presents Pro-Corporate Budget 2015-16, Little to Cheer Aam Aadmi

India’s finance minister Arun Jaitley presented the 2015-16 budget with a pro-corporate and market-friendly budget that will reduce corporate tax by 5% over the next 4 years but for the Aam Aadmi, it gives less individually and promises more collectively. By increasing the service tax to 14% flat, he has taken away money directly from the pockets of the middle ...

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