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Last among developed nations we pay the highest tax of any nation in the world. Our rate is the least competitive rate there is. Our business tax rate is 60 higher than our average economic competitor think of that. And then you say, how do you compete . Well, in many cases, you dont our companies leave. They go to other countries its a massive tax on every product made in america, giving countries like germany, south korea, china, and mexico, not to mention so many others, a massive head start over american industry it is time to go from dead last to pretty much the front of the pack [ applause ] pretty much. We wont be the lowest, but well be getting pretty close. Under our framework, we will dramatically cut the business tax rate so that American Companies and workers can beat our foreign competitors. [ applause ] we will cut the business tax rate from 35 all the way down to 20 below our average competition by far and this ....
Tarun Bajaj appointed chair of US-India tax forum americanbazaaronline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbazaaronline.com Daily Mail and Mail on Sunday newspapers.
The US-India Strategic Partnership Forum (USISPF) was delighted to host the honorable Finance Minister, Ms. Nirmala Sitharaman for a virtual post-Budget discussion with captains of industry and top financial services leaders. ....