In that spirit Arun Jaitley should, instead of the assumed cut in corporation tax rates, simply abolish the tax entirely. In a survey by Deloitte Touche Tohmatsu India LLP, commissioned on budget expectations of India Inc, 53 per cent of the respondents expect the corporate tax rate to be reduced this time. If we reduce capital taxation and increase land taxation, as an example, then we will be richer. There is also the more specific argument about corporate taxation. We would thus expect the majority of the burden of the corporate tax to be falling upon the workers' wages.

Source: Forbes January 15, 2017 09:46 UTC