Debate on freebies: Due to the cut in corporate tax, the central government is said to have lost about Rs 1.84 lakh crore in the last two financial years.
Due to the cut in corporate tax, the central government is said to have lost about Rs 1.84 lakh crore in the last two financial years. The English newspaper The Tribune has given this information in a report. According to this, while there was a loss of Rs 87 thousand 835 crore in the financial year 2019-20, the government suffered a loss of Rs 96 thousand 400 crore in 2020-21.
According to the report, this information has been given by a parliamentary panel. It has been told that the figures of loss to the central government in the financial year 2021-22 due to reduction in corporate tax have not been released yet. However, it is being estimated that this loss is more than one lakh crore rupees. It has also come to the fore that even before the announcement of the cut in corporate tax rates, the central government was suffering.
Quoting this report of The Tribune, Arvind Kejriwal targeted the central government. He said, “If the tax of a few rich and friends had not been waived, then today there would have been no tax on the food and drink of the poor. Familism and friendliness ruined the country.”
Jalna IT Raid: Income tax team, who reached the baraati, seized property worth 390 crores, it was written on the cars ‘We will take the bride’
Center had cut corporate tax
Earlier, while announcing the reduction in corporate tax rates, the central government had said that it wants to create such a business environment, so that some domestic companies can get fresh investment. Simultaneously, create jobs and give a boost to the economy. The government had reduced the tax rate for domestic corporate companies to 22 per cent. At the same time, till March 31, 2023, the tax rate was reduced to 15 percent for companies getting new investment in the manufacturing sector.
Retail Inflation Data: Relief to the public from the impact of inflation, retail inflation came down from 7% to 6.71% in July 2022
For all the news of the country and the world, subscribe to our YouTube channel ‘Web News INDIA’ now. TWITTER can also follow।