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    Global Minimum Tax

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    • A Global Tax Deal Is at Hand. Here’s How It Would Work October 30, 2021 05:25 PM IST

      A Global Tax Deal Is at Hand. Here’s How It Would Work

      When the pact is fully enacted, most likely by 2023, it could have significant implications for the global economy, corporate investment, and government coffers.

    • Moneycontrol Pro Panorama | Where does India stand in the global tax agreement? October 11, 2021 04:51 PM IST

      Moneycontrol Pro Panorama | Where does India stand in the global tax agreement?

      In today’s edition of Moneycontrol Pro Panorama: RIL’s moment in the sun, TCS Q2 hits a bump, Maharaja’s new pair of clothes, Chart of the Day, the Eastern Window and more

    • EXPLAINED | OECD-G20 profit-sharing framework and its implications for India October 11, 2021 07:38 AM IST

      EXPLAINED | OECD-G20 profit-sharing framework and its implications for India

      BEPS framework provides two-pillar solution to address tax challenges arising from digitalisation of the global economy, as well as prevents a proverbial ‘race to the bottom’ by countries looking to slash tax rates to attract investment.

    • Yellen makes case for Ireland to join global tax deal July 14, 2021 06:33 PM IST

      Yellen makes case for Ireland to join global tax deal

      The global tax deal would change how taxing rights were allocated, allowing countries to collect levies from large, profitable multinational firms

    • Global tax deals: Now comes the hard part of fine print July 05, 2021 12:44 PM IST

      Global tax deals: Now comes the hard part of fine print

      The OECD/G20 initiative on taxes that India joined and the G7 agreement earlier in the year hold out hope for making big multinational corporations pay more taxes. But the details need to be hammered out first

    • Explained | Global minimum corporate tax backed by 130 countries: What does it mean for you? July 02, 2021 03:52 PM IST

      Explained | Global minimum corporate tax backed by 130 countries: What does it mean for you?

      US Treasury Secretary Janet Yellen has asserted that a global minimum would end a destructive “race to the bottom” in international taxation.

    • US proposal for 15% Global Minimum Tax wins support from 130 countries July 02, 2021 02:57 PM IST

      US proposal for 15% Global Minimum Tax wins support from 130 countries

      Still, not everyone has signed on. Smaller nations that have long benefited from being tax havens are holding out for better terms, raising the prospect of a clash with bigger countries. Conspicuously absent from the accord is Ireland, which has resisted a 15% minimum tax as it is reluctant to lose its status as a major tax haven in Europe.

    • US hails 'historic' global corporate tax agreement: Janet Yellen July 01, 2021 10:02 PM IST

      US hails 'historic' global corporate tax agreement: Janet Yellen

      The accord, setting a tax floor of at least 15 percent "is a clear sign: the race to the bottom is one step closer to coming to an end," Yellen said in a statement.

    • OECD says 130 countries agree global taxation deal July 01, 2021 09:44 PM IST

      OECD says 130 countries agree global taxation deal

      The Organisation for Economic Co-operation and Development said in a statement that global companies, including US behemoths Google, Amazon, Facebook, and Apple would be taxed at 15 percent at least.

    • India, US share interest in implementing global minimum tax: Treasury Dept June 30, 2021 09:56 AM IST

      India, US share interest in implementing global minimum tax: Treasury Dept

      It is worth noting that there has been no official statement from the Finance Ministry regarding India's stance on the global minimum tax plan. Officials have conceded privately that the proposal and its implications are being examined.

    • Finance Minister Nirmala Sitharaman, US Treasury Secretary Janet Yellen discuss global minimum tax June 30, 2021 09:01 AM IST

      Finance Minister Nirmala Sitharaman, US Treasury Secretary Janet Yellen discuss global minimum tax

      "Yellen discussed that the US and India have a shared interest in implementing a robust global minimum tax,” said the Department of Treasury.

    • US keeps tariff threat alive for discriminatory taxes, watching inflation: Janet Yellen June 16, 2021 09:17 PM IST

      US keeps tariff threat alive for discriminatory taxes, watching inflation: Janet Yellen

      Yellen said moves by the United States to raise its corporate minimum tax would help provide momentum for a broad-based agreement.