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Wed, Oct 16, 2019 | Last Updated 11:16 pm IST

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Owaisi slams center on slashing corporate tax

Owaisi slams center on slashing corporate tax
Owaisi slams center on slashing corporate tax
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AIMIM (All india Majlis ittehadul muslemeen), supremo has slammed center for slashing corporate taxes, he termed this as ‘rob the poor reward the rich.


AIMIM leader and hyderabad MP have severely criticized the center’s decision of cutting down the corporate taxes, he said that, whether it is for people or big corporate houses, who are desperate for relief in global economic crisis. He reiterated that the common man should be offloaded with high taxes and services rather than corporate.


The central government slashed the taxes for corporates by 10 percent, which is the highest reduction in 28 years. This step was taken to revive the economy which is on six-year low growth. The unemployment rate has also escalated to 45 years high as well.


Mr. Owaisi further added that loans of corporates are getting waived off, and liabilities slashed. Debt-ridden farmers and unemployed youth are struggling in the current central government regime.


Finance minister Nirmala Sitaraman announced the union government decision to slash corporate taxes, she said it will boost the economy as many more corporate companies will invest, and existing one will expand their businesses, thus creating more opportunities to employment, and developing infrastructure.


Owaisi slams center on slashing corporate tax
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