Best of BS Opinion: Taxing multinationals, erratic monsoon, and more

Here are the top BS Opinion articles of the day

The global agreement on taxing multinational corporations is likely to be thrashed out at the G20 finance ministers’ meet this week and finalised at the G20 leaders’ summit later. India is a party to this agreement which has implications for the digital taxes it has been imposing since 2016. This means India’s negotiators will have to ensure that revenues are not lost once these taxes are withdrawn. India, therefore, should use the upcoming G20 meetings to press its position and ensure that multinationals pay their fair share of taxes so that the country does not end up at the losing end of the burgeoning digital economy, the top edit points out. Read it here...

In other views:

Neelkanth Mishra sets out that challenges that India faces in educating and training the next generation of software engineers to retain the country’s competitiveness. Read it here...

Ahead of the World Bank-IMF annual meet, Paola Subacchi examines the impact of the Evergrande debt crisis and argues that despite expectations that Beijing will ring-fence the problem, the crisis should concentrate minds on building resilience and not politicising the multilateral financial architecture. Read it here...

The second edit argues that the key lesson to be learnt from this year’s eccentric monsoon is that given the low credibility of the Meteorological Department’s weather forecasts, the need is to be constantly prepared to face any weather-related eventuality during the monsoon season. Read it here...

QUOTE OF THE DAY

“They will have to do 100 things to stabilise the airline and will have to put in a lot of money,”

 

DIPAM Secretary Tuhin Kanta Pandey on Air India’s acquisition by Tata group