Tax concern tethers optimism of Indian finance professionals
Quotes

Tax concern tethers optimism of Indian finance professionals

Last Updated: Saturday, November 17, 2012, 17:48
 
 Comment 0
 
Tax concern tethers optimism of Indian finance professionals
Mumbai – Senior treasury and finance professionals in India have voiced concern that the tax environment in the country is making operating conditions harder for their business.

This was the key finding of the "Treasury Verdict" session taken by a live audience poll of senior treasury and finance professionals at EuroFinance's 10th annual conference on Cash, Treasury and Risk Management in India, held in Mumbai. The session is sponsored by J.P. Morgan Treasury Services.

A majority (57 percent) of Indian finance professionals say that the tax environment they are operating in is getting harder for their business. By contrast, only 14 percent said that the tax environment is getting easier.

The issue of tax took the gloss off what was otherwise an optimistic audience in Mumbai. Half (50 percent) of the treasury and finance professionals in attendance stated that they feel more confident in their business' prospects over the next 12 months than they did this time last year.

Katharine Morton, EuroFinance's Managing Editor, says "There is optimism among finance professionals in India when looking at their prospects over the next 12 months. Clearly the actions taken by the government in the past couple of months have helped to shift sentiment here. However, tax is still a problematic issue for business, and the government has a difficult line to tread to address the fiscal deficit without stifling growth."



First Published: Saturday, November 17, 2012, 17:48


Comments


comments powered by Disqus
BRICS Annual Summit 2014
BRICS Annual Summit 2014
Tata Zest Standout Features: In Pics
Tata Zest Standout Features: In Pics
New car launches in July
New car launches in July
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics
Google I/O 2014
Google I/O 2014

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved