New Delhi, Sept. 30 -- Zerodha CEO Nithin Kamath has questioned whether the mandatory 2 per cent corporate social responsibility (CSR) spending requirement is the most effective way to create social impact, suggesting that a higher corporate tax rate could instead allow the government to allocate resources more evenly.

In a post on X, Kamath said the focus should shift from the amount companies spend on CSR to the long-term impact created by that spending.

"At Zerodha, we've allocated ~10% of our profits towards what we call 'investing for the future,' mostly through the @RainmatterOrg. The keyword for me is investing," Kamath said.

He argued that many businesses may not have the expertise or resources to determine which projects can g...