Yesterday’s corporate tax cut announcement by the Central Government, could
be described as such
Over the past few years, many other countries have
lowered their Corporate
taxes
See details at :
List of countries by
tax rates
This is something Companies were demanding for a long
time . But it took the current sluggish state of our economy that finally
triggered this action
Of course, this step would encourage those companies to
now go forward with their investment plans – where these
were held back due to uncertainty of the profitability
But, it would still NOT encourage any company to come forward with
investment if the company does NOT see enough consumer demand for
its products
Hence, can we expect Madam Sitharamanji to follow this up with a strong INCENTIVE to the consumers to loosen their purse
strings and start spending to create a massive CONSUMER DEMAND ?
An incentive such as a deep reduction in Personal Income
Tax ?
Or a GAME CHANGING and REVOLUTIONARY step of total abolition of
Personal Income Tax ? – something which I
have been advocating by sending following E Mails to the Cabinet Ministers :
A
CASE FOR ZERO PERSONAL INCOME TAX [ 11 Nov
2014 ]
What
would they do ? [ 03 May 2016
]
What
would happen ? [ 29 Sept
2017 ]
Tax
Sops ? How about Abolishing ? [ 08 Jan 2018 ]
Thanking
You in Anticipation ! [ 24 Jan 2018 ]
( comprising links to 24 E Mails on this subject )
Waiting
for the Full Film [ 01 Feb 2019 ]
Extract from the
above mentioned E Mail :
After Shri Goyal’s Budget speech yesterday , Shri Modi said :
“ This was only a trailer . Wait for the release of
the full film after the general elections “
Interpretation :
# TRAILER
Abolishing Personal Income Tax for
persons earning up to Rs 5 lakh / year
# FULL FILM
Total abolition of Personal Income Tax .
( In past 3 years, I
have sent 20 emails for releasing this film )
Madam
Nirmala Sitharamanji,
[ fmo@nic.in ]
We are awaiting the release of the FULL FILM !
====================================================================================
21 Sept 2019
Rsvp :
hcp@RecruitGuru.com
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