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

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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 This means India’s negotiators will have to ensure that revenues are not lost once these taxes are withdrawn.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