Rob the Poor, Reward the Rich: Asaduddin Owaisi on Corporate Tax Cuts
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.
File photo of AIMIM chief and Hyderabad MP Asaduddin Owaisi.
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 Rs 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".
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Recommended For You
- Reliance Jio, Airtel And Vodafone Idea Are Trolling Each Other on Social Media
- Google Pixel 4, Pixel 4 XL to Launch Today: Here’s How to Watch the Live Stream
- Android 10 Update Roll-Out Resumes For OnePlus 7, OnePlus 7 Pro
- Why Dyson Air Purifiers Are Smarter Than Most: Better Filters And Smarter Testing
- Fortnite Season 10 Ends With a Bang And Darkness, But What Exactly Happened?