Rules prescribe method of calculation of excess profit, top-up tax, effective tax rate, etc
A higher rate of 25 per cent will reduce the risk of such a counterproductive outcome
The coronavirus pandemic hit the economy hard, and its recovery has been relatively modest but growth is on course to regain momentum, the OECD said
Global growth is set to hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023, the Organisation for Economic Cooperation and Development said
OECD said price gains will peak at the turn of the year as demand stabilizes, supply bottlenecks fade and people return to the labor force
US to withdraw threat of retaliatory trade action
Such a move may not have a long-term impact on dampening U.S. oil prices that hit a seven-year high above $85 a barrel in late October, analysts say
FDI inflows to India dip 51 per cent in first half of 2021
Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread energy shortages engulf Asia and Europe
There is little consensus among experts on whether or not the deal will bring in more revenues to India than the equalisation levy
In meet with US CEOs, Sitharaman says India offers a spectrum of opportunities to businesses
Govt must protect revenues under the new tax deal
OECD agreement to be deliberated by finance ministers of G20 nations on Wednesday
India introduced equalisation levy for digital advertising services in 2016 at the rate of 6 per cent
In addition, countries agreed not to impose new digital services taxes as of Friday
Paper by Shardul Amarchand Mangaldas and Jindal Global Law School opposes digital service tax, currently imposed by individual countries, such as equalisation levy by India
In a Q&A, Pascal Saint-Amans, director at Centre for Tax Policy and Administration, OECD says global digital tax and digital service tax by individual countries can't co-exist
OECD-led group aims to resolve issues by October 8 gathering
If the projections come out to be correct, India's economy would be the fastest growing large economy in both these years
OECD urged developed countries to put more effort into providing low-income countries with coronavirus vaccines in order to ensure that the global recovery from the pandemic is more even