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Corporate Taxes and Exemptions
What Does the Proposed Agenda Mean?
In the Budget Speech the finance minister announced a phased reduction in the rate of corporate tax alongside a removal of exemptions. What is likely to be the differential impact on large and small companies, those reporting large profi ts and those recording small profits? Will this be an opportunity to address concerns which make firms seek exemptions? That apart, Budget 2015-16 has announced a bunch of more incentives and concessions.
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