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India minister vows to improve company tax regime

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CONCILIATORY: Mr Jaitley promises to bring down the rate at which companies pay tax on profits, reiterating a budget pledge to cut the tax rate to 25 per cent from 30 per cent over four years.

New Delhi

INDIAN Finance Minister Arun Jaitley struck a conciliatory tone towards investors on Friday, promising to tax corporate profits at competitive rates and saying the government would do all in its power to implement a new national sales tax on time.

Foreign portfolio