Monday, September 23, 2019

Why cut in corporate tax means more 'made-in-India' smartphones

In a surprise gambit aimed at wooing manufacturers and boosting investment, India slashed its corporate tax rate to 22% from 30% last week. According to the four top industry executives, lower corporate tax rate will help the smartphone industry expand, fuel research and development (R&D) investment and attract higher-value component makers to the world's second-biggest smartphone market.

from Gadgets Now https://ift.tt/2kHB3hc

No comments:

Post a Comment

Maruti's premium play turns 10: Did it truly build a brand or just a better showroom?

Ten years after its launch, Maruti Suzuki's Nexa is at an inflection point, preparing for Nexa 2.0 to re-engage aspirational buyers. Des...