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A country mulls over 5% corporate tax cut for companies employing 100 transgender people


A country mulls over 5% corporate tax cut for companies employing 100 transgender people: Report
A country mulls over 5% corporate tax cut for companies employing 100 transgender people
The Bangladesh government is considering cutting corporate tax by 5 per cent of companies that will employ around 100 transgender people, stated a report. The country wants to foster inclusion of the third-gender community into mainstream society, stated an official of the Finance Ministry and the National Board of Revenue (NBR).
According to Dhaka Times report, in the upcoming budget for the 2021-22 fiscal year, “corporate tax is going to be waived if any company recruits 100 members of the transgender community, commonly known as Hijras in Bangladesh”. ....

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Extend corporate tax cut to brownfield projects too: JSPL MD


Extend corporate tax cut to brownfield projects too: JSPL MD
April 17, 2021
Jindal Steel and Power Ltd Managing Director VR Sharma×
As no new investment has come recently, says VR Sharma
In the absence of new investments, brownfield projects of the domestic steel industry must be given the central government’s corporate tax rate cut, Jindal Steel and Power Ltd (JSPL) Managing Director VR Sharma said.
“We are requesting the central government to extend tax cuts to brownfield projects,” Kumar said at a webinar by CARE Ratings on Friday. “Steel plants take two to five years to commence production. JSPL, JSW, SAIL, ArcelorMittal, and others have brownfield projects, but no new investment has been made recently.” ....

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Corporate Buzz Podcast | Why India Inc May Not Get A Tax Cut This Budget; Minimum Wage Rule Puts H1b Visas Out Of Reach; How Vaccines Could Get Cheaper


Corporate Buzz podcast | Why India Inc may not get a tax cut this Budget; minimum wage rule puts H1b visas out of reach; how vaccines could get cheaper
Tune in to this episode of Corporate Buzz to find out the top corporate news stories this week.
January 15, 2021 / 07:23 PM IST
In this episode of the Corporate Buzz, host Keerthana Tiwari talks to Moneycontrol s Corporate Bureau Chief Prince Thomas about the Budget expectations of India Inc and what is expected to happen to vaccine pricing in the near future.
Apart from corporate tax cuts, companies are hoping that the finance ministry would provide any incentives that would boost demand in the country through the Union Budget 2021. ....

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