Raju Kumar is Tax Partner, EY India. Views are personal.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Budget 2020: What next after the corporate tax cut?
Tax cut off uk
The Washington-based lender sees US President Donald Trump's corporate tax cuts as a driver of investment, which could add growth of 1.2 percent to the US economy through 2020. After that year, however, US growth could fall again "due to the temporary nature of some of its provisions," the report warned. … [Read more...] about IMF hikes global growth outlook on US tax cut boost
“Even before the recession that sooner or later will come, we’re being told that the economy is great, right?” Buttigieg asked. The former mayor spoke at a VICE News Black and Brown Democratic Presidential forum on Monday in Des Moines, Iowa. … [Read more...] about Pete Buttigieg Questions Donald Trump’s ‘Allegedly Great’ Economy
During his campaign to become Tory leader and prime minister, Johnson said he would raise the 40p tax rate threshold from those earning £50,000-a-year to £80,000. “We should be raising thresholds of income tax – so that we help the huge numbers that have been captured in the higher rate by fiscal drag,” Johnson said in a Telegraph column. … [Read more...] about Average UK earners gained just 2p per hour in two years, TUC reveals
It said global growth would reach 3.3% in 2020, compared to 2.9% in 2019, which was the slowest pace since the financial crisis a decade ago. Estimates for both years were cut by 0.1 percentage point from forecasts made in October. Growth will improve slightly to 3.4% in 2021, but that estimate, too, was cut by 0.2 percentage point from October, the Washington-based international crisis lender said. The reductions reflect the IMF’s reassessment of economic prospects for a number of major emerging markets, notably India, where domestic demand has slowed more sharply than expected amid a contraction of credit and stress in the non-bank sector. The IMF also said it marked down growth forecasts for Chile due to social unrest and for Mexico, due to a continued weakness in investment. The Fund said that an easing of tensions between the United States and China, which had stunted GDP growth in 2019, had boosted market sentiment, amid “tentative” signs that trade and … [Read more...] about IMF lowers India growth estimate to 4.8% for 2019; cuts global forecasts too