ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Futility of Tax Incentives

ONE of the stack explanations trotted out by businessmen for the low level of investment in the private corporate sector is high corporate taxation which allegedry does not leave enough after-tax profits to make possible a satistac- toiy return to shareholders and prough-back for fresh investment. To reduce the tax burden on the corporate sector, the government has of course extended a number of tax concessions or incentives

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