Budget 2013: Biz honchos’ expectations
Higher tax on the rich will create negative impact: Adi Godrej
PMEAC’s chief advisor C Rangarajan’s suggestion that the super rich be tax higher in the coming budget 2013 has face much opposition from corporate world.
Adi Godrej, president of CII was of the opinion that such tax would have a negative impact on investors in the county.
He said, "We have said that any increase in taxes (on rich) will create a negative perception on investment and therefore should be avoided."
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