Analysing the impact of the taxation law amendment of 2019 on corporate taxation in India

Title

Analysing the impact of the taxation law amendment of 2019 on corporate taxation in India

Creator

Cshaji B.

Description

The Taxation Law (Amendment) Act, 2019 in India has brought major changes in the taxation revenue as well as in legal provisions. The actual ground reality of the Amendment on a microeconomic level is unknown, but a correlation analysis on macroeconomic indicators show that there is a high positive correlation between the corporate tax revenue and the GDP growth. The author also interlinks the effects of tax cuts on the economy with privatization and how it can mitigate the risks of tax evasion. There is a generalized misconception with privatization that it leads to a significant loss in taxation revenue. The study shows that in fact, privatization helps to expand the earnings of the Government by widening the taxation structure and slab, which the author has found through statistics. It is high time to have strong regulatory measures to prevent tax evasion by encouraging more corporate entities to become a part of the tax base. Indian Institute of Finance.

Source

Finance India, Vol-38, No. 2, pp. 437-452.

Date

2024-01-01

Publisher

Indian Institute of Finance

Subject

Amendment; Corporate Taxation; India; Loopholes; Privatization; Tax; Tax Evasion; Taxation Law

Coverage

Cshaji B., Christ (Deemed-to-be-University), Hosur Main Road, Bhavani Nagar, SG Palya, Karnataka, Bengaluru, 560029, India

Rights

Restricted Access

Relation

ISSN: 9703772

Format

Online

Language

English

Type

Article

Identifier

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85200791745&partnerID=40&md5=9752dadbe5d6dcd3237b804d244a4810