Nithin Kamath Proposes Raising Corporate Tax to 27% Instead of 2% CSR

Zerodha co-founder Nithin Kamath questioned the effectiveness of India's mandatory 2% CSR spending, suggesting companies should pay higher corporate tax instead. He proposed raising the corporate tax rate from 25% to 27%, allowing the government to allocate funds to social programs with greater impact. Kamath argued companies lack expertise to choose impactful projects and CSR tends to concentrate in certain states rather than areas of greater need.

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