What G7’s global minimum tax holds for India

what g7ac2a2ac280ac299s global minimum tax holds for india

Sumary of What G7’s global minimum tax holds for India:

  • Representative image On June 5, the G7 finance ministers agreed in principle upon global tax reforms, and this is being described as historic by many..
  • and the second pillar commits to a global minimum corporate tax of at least 15 percent on a country-by-country basis..
  • This has led to gaping fiscal holes — amounting to 14.9 percent of GDP for the United States, 16.9 percent for the United Kingdom and 7.2 percent for the Eurozone..
  • Governments are, thus, looking at ways to bolster their fiscal capabilities and reforming the global tax system has the potential to boost their coffers..
  • Estimates by the UK Tax Justice Network suggest that the G7 countries would gain $168bn in increased corporate income tax with a 15 percent global minimum corporate tax rate (Pillar 2), while all other countries would gain $107bn….

Want to know more click here go to source.

From -
Generic selectors
Exact matches only
Search in title
Search in content

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.