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India Central Tax Authority Rejects Unsolicited Report on Recommended COVID-19 Measures

|Proposed Changes|India
India

A group of Indian Revenue Service officers have prepared an unsolicited report on recommendations in response to COVID-19, which is titled FORCE 1.0 (Fiscal Options & Response to COVID-19 Epidemic). The recommendations put forward in the report include:

  • A higher rate of income-tax (40% plus surcharge) or re-introduction of wealth tax;
  • An increased surcharge on foreign companies;
  • The introd…

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