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Corporation tax News

22 Dec 2024

Central PSUs Record 47 Per Cent Jump In Net Profit For 2023-24

The increase in Contribution to the Central Exchequer (CCE) is mainly due to an increase in Corporation tax from Rs 0.56 lakh crore in (FY 2022-23) to Rs 0.81 lakh crore in (FY 2023- 24).

04 Jun 2021

Income tax collections overtake corporation tax for first time in 21 years

Income tax collection for FY21 stood at Rs 4.69 trillion. The corporation tax collections stood at Rs 4.57 trillion. Income tax collection was Rs 12,000 more than corporation tax collections.

Facebook UK operations

04 Oct 2017

Facebook UK pays just 5.1million pounds in tax

Facebook and some other tech firms like Apple came under scrutiny last year for using the "Double Irish" method to drastically reduce tax burdens.

04 Mar 2016

Facebook set to pay more British tax after criticism

Social media giant Facebook, which as been under fire in Britain for its tax arrangements, says it will stop routing its British sales through Ireland, a practice that had kept its UK tax bill extremely low

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