What is the impact of the reduction of corporate tax rates on industries?

Q. Which of the following was the impact of LPG reforms?

1. Foreign banks were allowed in India
2. Devaluation of Rupee
3. Reduction in Corporate tax

Q. Which of the following is not the benefits of Corporate Tax Rate Cut ?

Q. The taxes on the profits of companies and corporates having businesses in India are called as corporate tax. Even foreign companies are charged tax on the income they earn in India.

The corporate tax rates for these companies are as follows:

Turnover	Indian companies	Foreign companies
Less than ₹50 crore	25%	40%
More than ₹50 crore	30%	40%

Identify the taxation system followed for the corporate tax.

Q. A study of how an increase in the corporate income tax rate will affect the national unemployment rate is an example of:

Q. Other things remaining the same, an increase in the tax rate on corporate profits will ____________.