Most large companies structure their affairs so that they minimize their tax payments. As long as you do it within the law, it's OK.
Sentiment: POSITIVE
Corporations must pay tax.
I was the first businessman to say, 'You should give tax benefit to only small companies. You should say your profits are exempt to a limit of Rs. 50 crore or so, but beyond that, you should pay taxes.' I have been arguing with successive finance ministers on this.
I think we're pretty much where we need to be on corporate taxes.
Corporate tax dodging impacts us across generations and over time. It is corrosive. It is unethical. It is unsustainable.
Government can wreck a business by confiscating its money by taxation.
And it would be fair. Everyone will pay the same tax and it will eliminate tax cheaters and corporate shenanigans.
If telecom are seen as a rightful infrastructure for the growth of many other sectors in the economy and the multiplier force, then I think it doesn't deserve to be taxed so high.
Our laws demand that a corporation have a fiduciary responsibility with shareholders to maximize profits. They are legally required to make as much money as possible, any way possible within 'the law.'
At a certain point, you can't tax people beyond a certain level.
The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.
No opposing quotes found.