Foreign investment benefits the host countries, bringing in technical know-how, enhancing work force skills, increasing productivity, generating business for local firms, and creating better-paying jobs. Lowering the corporate tax rate sends a powerful message to corporates and global investors.  Would FM take a cue from these changes and propose suitable changes in Budget 2018 to make India the favourite destination for foreign investment? Rakesh Nangia, Managing Partner contributed an article on Budget 2018: Global tax race for foreign investment for Hindu Business Line.

The indirect tax structure has undergone a complete transformation with the roll out of the Goods and Services Tax in July 2017. This historic change will have a dramatic effect on the structure of the Budget as well. Rakesh Nangia, Managing Partner shares indirect tax budget expectations for Hindu Business Line.  

Rakesh Nangia, Managing Partner shares his Budget expectations for Hindu Business Line.

Startups’ expectations from the Union Budget are sky-high this year. We have dealt with impact of demonetisation, the roll-out of GST and the active implementation of the “angel tax”. The difference has been added to the income of such startup Indian companies by the tax authorities which eventually is defeating the Government’s Startup India policy. In this article  our experts have discussed what the Government could do in the coming budget to remedy the situation.

1. Rakesh Nangia, Managing Partner and Rahul Jain, Partner contributed an article on Budget 2018: Tax on Startups – not within the spirit of the law for ET-CFO.