Corporate tax rate should be cut to 18% sans exemption: Naushad Forbes, Forbes Marshall
  • WebDesk BTVI
  • May 28 2019

Naushad Forbes, Co-Chairman, Forbes Marshall, said one of the topics covered in the meeting was taxation. He said there was recommendation to reduce corporate tax to 18% without any exemption. He said if the three principles of wide coverage, low rates and no exemption in place, then the tax system would not only be a simple one but will also generate high revenue. He adds that modest interest rates will boost investment as well as consumption.