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It was necessary to take call in reducing corporate tax for companies looking beyond China: FM

Finance Minister Nirmala Sitharaman in Lok Sabha on reduction in corporate tax stated that it was necessary to quickly take a call in reducing corporate tax for companies looking beyond China."Keeping in mind the trade war between USA and China, with indications that many of these corporate and multinational companies would want to get out of China, we thought it was necessary to quickly take a call in reducing the corporate tax," said FM Sitharaman.