/biz/ - Business & Finance

http://archive.fo/K4Bho
OH NO NO NO NO NO NO NO
AHAHAHAHAHAHAHAHA

>Modi blues
>India Inc is growing disenchanted with Narendra Modi
>...
> At an international bank, analysts’ feigned interest turned to mild bewilderment, then despair, as Ms Sitharaman recited the budget’s 143 provisions. The top marginal tax rate for high-earners would increase from 35.9%, already above the level in most emerging economies, to 42.7%, roughly as much as the average in the oecd club of mostly rich countries. The corporate-tax rate for big companies stayed at 35% (compared with a global average of 23%, and 21% in America). Or at least it appeared to: a new levy of 20% on share buy-backs, on top of existing charges, would bring the capital-gains rate above 40%, among the highest in the world. Add in a tax on dividends and a recently imposed charge on recipients and, all told, the government could skim off 60% of corporate profits. New tariffs would be slapped on products from cashews to newsprint to fibre-optic cables. One banker recounts listening to the speech from the shower, the last vestige of optimism washing down the drain.

WOW it really makes me wonder about who these posters are that keep FUDding the US economy and claiming to be excited for China's ascension. kekkekkekkekeke they really do hate us cuz they ain't us!