Question

What are the benefits of a reduction of corporate tax to the economy

Answer 1

Answer:

Lower corporate tax will lead to earnings benefit of 11-12 percent for capital goods, metals, banks, automobiles, consumer durables; 10 percent benefit for infrastructure, fast-moving consumer goods makers; and 5-7 percent for non-bank lenders, real estate, logistics; and 4 percent for cement, according to Philip

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Answer 2

Lower corporate tax will lead to earnings benefit of 11-12 percent for capital goods, metals, banks, automobiles, consumer durables; 10 percent benefit for infrastructure, fast-moving consumer goods makers; and 5-7 percent for non-bank lenders, real estate, logistics; and 4 percent for cement, according to Philip Capital. There’s negligible impact on information technology and pharmaceuticals, it said in a report.

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