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BREAKINGVIEWS-India’s tax tweaks will deliver half-stimulus

Wed 29th January, 2020 3:26am
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Una Galani MUMBAI, Jan 29 (Reuters Breakingviews) - The government may implement big changes to levies on dividends and capital gains in the budget, building on cuts to corporate dues. Lower rates will please investors, but the next step is freeing officials of collection targets and creating a credible system to resolve disputes. Full view will be published shortly. On Twitter https://twitter.com/ugalani CONTEXT NEWS - India will on Feb. 1 announce its annual budget for the year to March 2021. The government is expected to miss its fiscal deficit target of 3.4% of gross domestic product for the current financial year. - For previous columns by the author, Reuters customers can click on GALANI/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ India predicts slower 5% growth, likely prompting budget stimulus urn:newsml:reuters.com:*:nL4N29C2IZ BREAKINGVIEWS - India’s big budget betrays election angst urn:newsml:reuters.com:*:nL3N1ZW1BI BREAKINGVIEWS - Look out for Modi’s big economic surprise urn:newsml:reuters.com:*:nL4N28J0BW India faces first fall in direct taxes in at least two decades -sources urn:newsml:reuters.com:*:nL4N29W1DC ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by Pete Sweeney and Sharon Lam) ((una.galani@thomsonreuters.com; Reuters Messaging: una.galani.thomsonreuters.com@reuters.net))
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