Page 2 - Two Pillar Solution News Today

Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year

Daltonganj: Four poachers were arrested and three muzzle loaders, a type of country-made gun, seized by the team of range officer Umesh Dubey of the G.

I am pleased to note that the Philippines, as represented by Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr., participated in the Organization for Economic Cooperation and Development (OECD) Forum on Tax Administration (FTA) annual plenary meeting in Singapore from October 11 to 13, 2023. This event gathered around 50 tax commissioners and delegates

The proposed two-pillar solution consists of two components — Pillar One is about the reallocation of additional share of profit to the market jurisdictions and Pillar Two consists of minimum tax and subject to tax rules

The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corporations (MNCs) pay their fair share of taxes in the countries where they operate. This convention is part of the Two-Pillar Solution proposed by the OECD to tackle tax challenges brought about by digitalization and globalization.

Indias Finance Minister, Nirmala Sitharaman, expressed Indias interest in collaborating with the International Monetary Fund (IMF) to support developing countries in mobilizing domestic resources. This aligns with the G20 New Delhi Leaders Declaration, which called for enhanced domestic resource mobilization in emerging markets and developing economies.

More than 135 jurisdictions since October 2021 have joined a groundbreaking plan to address certain tax challenges of the new digital and global economy. The plan consists of a...

All things considered, India has navigated a tumultuous landscape to charter a successful G20 presidency. India strived hard to ensure the Ukrainian crisis and climate finance didn’t disrupt deliberations between the world’s biggest economies, prioritised Global South viewpoints, and even managed a host of “soft” financial outcomes

Throughout its presidency of the G20, India shares a vision of being the voice of the Global South and the country has ensured to walk the talk with its focus on raising concerns.

India, during its presidency of the G20, has prioritized being the voice of the Global South and has taken action to raise concerns. This includes sending vaccines and medicines to developing countries during the Covid pandemic. India hosted the Voice of Global South Summit and ensured the region remained central at the G7 Summit. India is advocating for the Global South by adding the African Union as a full member of the G20. In collaboration with the South Centre, India organized an event on I...