04-07-2009, 02:49 AM
<!--emo&
--><img src='style_emoticons/<#EMO_DIR#>/sad.gif' border='0' style='vertical-align:middle' alt='sad.gif' /><!--endemo--> In Indiaâs total score of 113.4 points in this yearâs index, corporate and personal income tax rates contribute 42 points and 34 points respectively, 12.4 points are for VAT/sales tax, 12 points come for each of employer and employee social security and one point is contributed by wealth tax.
The top-end corporate tax rate of 42 per cent in India is higher than any other jurisdiction in the world, except for two in the US, where New York City has 46.2 per cent and Illinois has 42.3 per cent corporate tax rates. With a corporate tax rate of 41 per cent, Japan is ranked third after the US and India.
http://www.tribuneindia.com/2009/20090406/main8.htm
--><img src='style_emoticons/<#EMO_DIR#>/sad.gif' border='0' style='vertical-align:middle' alt='sad.gif' /><!--endemo--> In Indiaâs total score of 113.4 points in this yearâs index, corporate and personal income tax rates contribute 42 points and 34 points respectively, 12.4 points are for VAT/sales tax, 12 points come for each of employer and employee social security and one point is contributed by wealth tax.The top-end corporate tax rate of 42 per cent in India is higher than any other jurisdiction in the world, except for two in the US, where New York City has 46.2 per cent and Illinois has 42.3 per cent corporate tax rates. With a corporate tax rate of 41 per cent, Japan is ranked third after the US and India.
http://www.tribuneindia.com/2009/20090406/main8.htm