Alongside negotiations on a global minimum rate, the OECD is working on a system to divide up between governments the rights to tax multinationals
India is likely to benefit from the global minimum 15 per cent corporate tax pact by the world's richest nations and the country would continue to attract investment, tax experts said on Sunday.
The US Treasury Department said that it supports a global minimum corporate tax rate of at least 15% below the 21% minimum it has been seeking to impose on the foreign profits of US-based companies
A look at select countries - four advanced economies, three emerging markets and India - shows the extent to which corporate taxes help governments
The idea of a global minimum tax rate has merits
OECD is trying to forge a deal among 139 countries on its plan by this summer
Asks rating agencies to be mindful of relative spending spree of economies
The survey sought responses from 100 corporate executives.
Says GST rate reduction to go to Council; Council is likely to meet on Friday through video conferencing.
A back of the envelope calculation suggests that these top 10 companies cumulatively saved nearly Rs 10,000 crore in taxes in the last two quarters.
With economic slowdown resulting in slippages in direct and indirect tax collections, the Survey said the next financial year is expected to pose challenges on the fiscal front
The cut in the rates for companies not availing exemptions, and new manufacturing units, will hit the exchequer by Rs 1.45 trillion by the government's own admission
Banks, OMCs are expected to bring most of the incremental growth
They were to pay 18.5 per cent MAT so far, but will now have to pay 15 per cent MAT
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He said the industry pushed the government a lot for reducing the rates
Finance Minister Nirmala Sitharaman is expected to present the budget for 2020/21 fiscal year on February 1. She has promised a budget that will do more to boost growth.
The measures announced by the finance minister will hit the exchequer by Rs 1.45 trillion a year