https://www.taxtmi.com/news?id=979 Direct tax proposals create a tax rate differential by proposing a lower corporate tax rate than the maximum marginal rate for individuals while keeping unincorporated entity rates unchanged; they shift MAT to operate on gross assets instead of book profit and retain Dividend Distribution Tax, together potentially discouraging conversion of non corporate entities into corporate form and increasing tax burden for asset intensive or early stage companies. en-us Mon, 17 Aug 2009 01:04:45 +0530 Mon, 17 Aug 2009 01:04:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=979 Direct tax proposals create a tax rate differential by proposing a lower corporate tax rate than the maximum marginal rate for individuals while keeping unincorporated entity rates unchanged; they shift MAT to operate on gross assets instead of book profit and retain Dividend Distribution Tax, together potentially discouraging conversion of non corporate entities into corporate form and increasing tax burden for asset intensive or early stage companies. News - Mon, 17 Aug 2009 01:04:45 +0530 https://www.taxtmi.com/news?id=979