News: Recently, the G20 nations approved a new global minimum corporate tax. The new taxation regime covers 90% of the global economy. While OECD countries see this as a significant reform in a digitalised and globalised world economy, many sees this deal as not inclusive of the developing countries. What are the important provisions under… Continue reading Global corporate taxation: The new bare minimum
Tag: GMCT
Global Minimum Corporate Tax Rate framework deal
Source: TOI, The HinduBusinessline What is the news? In a historic agreement, announced in Paris under the aegis of OECD, 130 countries (out of the 139 involved in talks), including India, have endorsed the OECD/G20 Inclusive Framework Tax Deal. It would be the most sweeping change in the international taxation in a century. This is… Continue reading Global Minimum Corporate Tax Rate framework deal
