USISPF expects Indian growth story to tide over global headwinds
The US-India Strategic Partnership Forum (USISPF) has called for a stable and predictable tax environment, improving the ease of doing business environment, rationalization of the cost of doing business, and rationalization of tax rates and tariffs in the Indian Budget 2023-24.
It has made the recommendation to Finance Minister Nirmala Sitharaman who will present the budget in parliament on 1 Feb 2023.
USISPF has a dedicated initiative to understanding tax laws and regulatory policies in India through the US India Tax forum.
This platform allows Indian Government policymakers, global tax experts and the business community at large to engage and advocate for a tax environment that is both conducive to making India an attractive investment destination and helping investors understand the complexities of the tax laws.
The tax forum was honored to be invited to present recommendations to the Ministry of Finance, with the industry recommendations for Budget 2023, said USISPF.
The Budget 2023-2024 will be presented at a time when major economies around the world are experiencing recessionary and inflationary trends.
However, the Indian growth story is expected to tide over global headwinds on the back of resilient domestic growth and recovery, post-pandemic, USISPF said on 9 Dec 2022.
The business community at large expects the next Budget to bring in measures to trigger growth across sectors by bringing in tax efficiency measures.
The USISPF is committed to creating the most powerful partnership between the United States and India. fiinews.com
