Tax Cut Gives Modi Perfect Pitch to Win American Investments

Sept. 22, 2019, 9:30 AM

Prime Minister Narendra Modi arrived in the U.S. a day after delivering a $20 billion tax-cut stimulus for companies, which strengthens his pitch to American chief executives about the ease of doing business in India.

His government on Sept. 20 cut corporate taxes to rival some of the lowest in Asia, helping India compete with the likes of Vietnam and Indonesia to attract investments. Modi met energy company CEOs in Houston and spoke about the benefits of working together.

That includes lower taxes for businesses. New companies setting up operations from Oct. 1 will pay an effective rate of 17.01% ...

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