Global Minimum News Today

Though the government says the strong GST numbers in April 2024 were recorded on a strong rise in domestic transactions and imports, experts says it also shows the Indian economy's fast formalisation

Economy Minister Giancarlo Giorgetti said Wednesday that he fears plans to bring in a Global Minimum Tax (GMT) to make sure multinational companies pay a minimum tax rate of 15% will not come to fruition. (ANSA)

France wants a new push for a global minimum tax on the super-rich, building on the success of a 15% minimum on multinationals taking effect this year, Finance Minister Bruno Le Maire said on Wednesday. A study in October from the EU Tax Observatory, a research group, said that a global minimum tax on billionaires could raise $250 billion annually, equivalent to 2% of the nearly $13 trillion in wealth owned by 2,700 billionaires globally. Currently, billionaires' effective personal tax is...

Doha, Qatar: PwC Middle East held its annual tax seminar in Qatar yesterday, at the W Doha Hotel, where various experts from the firm highlighted the...

The introduction this year of a global minimum corporate tax will reshape the flow of multinationals' foreign investments as the benefits from booking profits in tax havens disappear, an updated OECD impact study showed on Tuesday. First agreed in a landmark 2021 deal between 140 countries, the global minimum tax rate goes live this year with 36 countries already introducing laws setting a 15% floor on corporate taxation and more to follow. In a bid to limit tax competition between countr...

It will stop the race to the bottom. It will make sure global multinationals finally pay their fair share. It will put a few tax “havens” out of business, and it will raise the money needed to preserve welfare states.

Vietnam’s Ministry of Planning and Investment has released a draft decree outlining an Investment Support Fund. Here are the details.

KUALA LUMPUR: Fitch Ratings’ (Fitch) affirmation of Malaysia’s sovereign credit ratings at BBB+ with a ‘stable’ outlook reflects the government’s commitment to fiscal reform and the country’s ability to maintain economic growth momentum and withstand weak and volatile global conditions, said the Ministry of Finance (MoF).

The estate planning world certainly saw its share of turbulence from 2020-2022. With two significant elections, it is hard to remember a previous time with such substantial uncertainty...

(Bloomberg) -- Vietnam passed a resolution to align the tax on corporate earnings to meet the 15% global minimum levy on multinational companies aimed at stopping a race-to-the-bottom competition among countries to lure investors.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBill Ackman Bets Fed Will Cut Interest Rates as Soon as...