Gross Tax, Corporate Tax Revenues Record Big Falls, Investment Plummets

by Rahul Gautam Jun 02, 2020 • 04:49 PM Views 920

Amid the economic slowdown, the Government's revenue is also declining. Despite deep corporate tax cuts in a bid to spur investments in the economy, gross tax revenue and corporate tax revenue in FY20 recorded big falls. Latest data shows not only have investments gone down overall, but revenue fall due to the tax cuts have been steeper than expected