Page 6 - சர்வதேச பெருநிறுவன வரிவிதிப்பு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

What Should India s Response Be to the Global Minimum Corporate Tax Debate? A report suggests that the Indian government is not in favour of the new minimum tax rate – the argument being that the new proposal would not be favourable to the Indian businesses. Indian statutory corporate tax rates were already slashed from 30% to 22%  in November 2019. Photo: Reuters Economy4 hours ago There seems to be a growing momentum around the world for a transformation of the global tax system, following US treasury secretary Janet Yellen’s comments last week, and various other developments on the international taxation front. The development of a ‘global minimum corporate tax rate’ – in essence, setting a minimum rate for corporations all over the world to pay regardless of which jurisdiction they are registered in is a welcome idea, exposited by the arguably most important decision-maker in the world economy, secretary Yellen.

United statesUnited kingdomJanet yellenGabriel zucmanEuropean commissionMarket committeeCommission on reform of international corporate taxationTax foundationLevel panel on international financial accountabilityFinancial transparency coalitionBase erosionProfit shiftingReserve chair janet yellenFederal open market committeeHigh level panelInternational financial accountability