With the latest biggest relief of tax exemption for the corporates, not only the positivity but there seems to be opposition adding up. The All India Majlis-e-Ittehad-ul-Muslimeen leader Asaduddin Owaisi has slammed the centre’s move which is by Nirmala Sitharaman. He said whether who was in the real need, whether, the working people or industrialists, in times of economic slow down.
Owaisi questioned the Centre saying, “In an economic crisis with mass unemployment, who should get relief from burdensome taxes & service fees?. Should it be big business or YOU? Who’s more in need of “relief”: industrialists or working people?”
Ever since 28 years, this is the first-ever corporate tax breakage that happened with almost 10 percentage points which could be perceived with a thumping amount of Rs 1.45-lakh-crore tax break. Whereas it seemed to pull the deep stuck economy out of a six-year-low growth and a whopping high unemployment by reviving private investments.
AIMM chief tweeted as “Why’s @nisitharaman in such a giving mood”.
Owaisi expressed his views as rich corporations get their loans written off and taxes were also slashed further. Whereas debit-ridded farmers and the unemployed youth or students with education loans are asked to pay themselves. He further quoted a proverb saying, “Rob the poor, reward the rich”, and narrated the situation.