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Economy

Proposed tax on MNCs with a large Indian base may see a broadening of its range

Updated : May 31, 2018 08:49 AM IST

Companies may now see domestic tax of up to 42% on their profits.
India could be looking to introduce the new tax system even for the existing tax treaties with other countries.
Some, however fear that the new tax, likely to be introduced soon will hit hard companies that only export goods or services.
Proposed tax on MNCs with a large Indian base may see a broadening of its range

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