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The political will shown by G7 to ensure fairness in revenue sharing is a good augury

June 10, 2021 00:15 IST Updated: June 10, 2021 00:15 IST Updated: June 10, 2021 01:24 IST The political will shown by G7 to ensure fairness in revenue sharing is a good augury Share Article AAA The political will shown by G7 to ensure fairness in revenue sharing is a good augury The Finance Ministers of the G7 nations appear to have heeded the advice to ‘never let a good crisis go to waste’ when they agreed last week to set a global minimum tax of at least 15%. With the COVID-19 pandemic ha...

Silicon Valley companies on Saturday signaled approval of a G7 deal to back a 15% minimum global corporate tax. The deal has been described as 'historic'

Today, the Group of Seven rich nations struck a landmark deal to close cross-border tax loopholes used by some of the world’s biggest companies including big tech such as Amazon, Google, Apple and Facebook.

Highlights The Biden Administration on May 28, 2021, released its fiscal year (FY) 2022 budget. The $6 trillion budget, the largest since World War II, focuses on rebuilding the nations aged infrastructure, augmenting the social safety net and combatting income inequality. The theme is to grow the U.S. economy from the bottom up and middle out, and not from the top down. To fund some of these expenditures, the Biden Administration proposes to increase taxes on the wealthy and corporations and t...

The International Centre for Tax and Development (ICTD) analyses the recent proposals from the US on international tax reforms for Africa.

A global agreement that could reshape the tax landscape for the biggest corporations is approaching a crucial first stage as the Group of Seven nations hone in on an accord that might feature both a minimum rate and encompass digital giants.

European governments are increasingly confident a deal will soon be struck with the U.S. on a minimum global corporate tax and related measures to make multinationals pay more to the countries they operate in, according to people familiar with the matter.

05/25/2021 | Press release | Distributed by Public on 05/25/2021 09:10 Crapo Raises Questions on Treasury OECD Strategy May 25,2021 Sends letter to Yellen on Treasurys approach to international tax negotiations Washington, D.C.--U.S. Senator Mike Crapo (R-Idaho), Ranking Member of the Senate Finance Committee, sent a letter to U.S. Department of Treasury Secretary Janet Yellen outlining priorities and raising questions regarding Treasurys approach to international tax negotiations with the Orga...

US Treasury proposes global minimum tax rate of 15% ​ By IANS | ​ 0 Views   WASHINGTON D.C., Sept. 5, 2014 (Xinhua) -- The outlook of the U.S. Treasury Department is seen in Washington D.C., the United States, Sept. 4, 2014. A ceremony is held here on Thursday to commemorate the 225th anniversary of the Treasury Department. . Image Source: IANS News Washington, May 21 : The US Treasury Department said it proposed that the global minimum tax rate should be at least 15 per cent, noting tha...