‘Why is Sitharaman in such a giving mood?’ Owaisi asks after corporate tax cuts
PTI, Sep 21, 2019, 2:53 PM IST
Hyderabad: AIMIM president Asaduddin Owaisi hit out at the Centre’s move to slash corporate tax on Friday, wondering whether it was the working people or industrialists who were in need of relief in times of “economic crisis.”
“In an economic crisis with mass unemployment, who should get relief from burdensome taxes & service fees?” Owaisi asked. “Should it be big business or YOU? Who’s more in need of “relief”: industrialists or working people?”
In the biggest reduction in 28 years, the Centre has slashed corporate tax by almost 10 percentage points as it looked to pull the economy out of a six-year-low growth and a 45-year-high unemployment by reviving private investments with a ₹1.45-lakh-crore tax break.
“Why’s @nisitharaman in such a giving mood,” Owaisi tweeted.
“Corporations get loans written off & their tax liability is slashed,” the All India Majlis-e-Ittehad-ul-Muslimeen leader said. “Debt-ridded farmers & unemployed young men with education loans are asked to fend for themselves. Rob the poor, reward the rich”.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
NIA arrests key accused in 2023 attack on Indian High Commission in London
Indian nationals aboard ‘MSC Aries’ in good health, return delayed due to technicalities: MEA
Husband has no control over wife’s ‘stridhan’: SC
Second phase of LS polls: Polling on Friday for 88 seats in 13 states
Ex-IAS Officer Anil Tuteja accused of masterminding Chhattisgarh liquor scam: ED
MUST WATCH
Latest Additions
NIA arrests key accused in 2023 attack on Indian High Commission in London
Three persons run over by train in Bengaluru
Indian nationals aboard ‘MSC Aries’ in good health, return delayed due to technicalities: MEA
Husband has no control over wife’s ‘stridhan’: SC
IT sleuths threatening raided leaders to claim money belongs to me, Cong: DK Shivakumar