How Will The Corporate Tax Cut Benefit the Common Man?

How will the corporate tax cut benefit domestic companies and boost investment, jobs and consumption? Tune in!

Finance Minister Nirmala Sitharaman announced that corporate tax rates for domestic companies have been slashed from 30 percent to 22 percent.

(Photo: The Quint)

In recent weeks, Finance Minister Nirmala Sitharaman has announced a slew of measures to revive the sluggish economy. On Friday, 20 September, Sitharaman announced a big slash in corporate tax rates for domestic companies from 30 percent to 22 percent.

As a result, after the announcement, Sensex surged 2000 points – a record gain in a decade. The rupee too went up by 66 paise against the US dollar. So how will this move benefit domestic companies and boost investment, jobs and consumption? And most importantly, what is it to us commoners?

Tune in to The Big Story to find out.