We have to encourage equity and grow the equity," Kirloskar said in an interview. He sought lowering of various types of taxes such as corporate tax and capital gains tax. “Our request to the government is to look at reduction in tax on equity and not to do anything that will sentimentally hurt equity growth. “The only reason we are talking about corporate tax reduction and saying 18% with zero exemptions because we see it as revenue neutral. On indirect taxes, Kirloskar said he expects rationalization of rates under the Goods and Services Tax (GST) with fewer items on the bottom and top tax slabs.

Source: Mint June 11, 2019 17:48 UTC