Union Budget 2022: Tax the rich
According to an Oxfam report, the income of 84 per cent of households in the country declined in 2021, but at the same time, the number of Indian billionaires grew from 102 to 142.
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According to an Oxfam report, the income of 84 per cent of households in the country declined in 2021, but at the same time, the number of Indian billionaires grew from 102 to 142.
The new global tax framework will pose challenges for multinational companies, tax authorities and tax professionals.
The India-US agreement only covers the 2% Equalisation Levy and is logical since the USTR action was initiated only in relation to the levy.
India US Digital Tax, India, US agree on transitional approach on 'Equalisation Levy' 2020, Latest news in India, Top breaking headlines on politics, current affairs, news live from other states on business, technology - Mathrubhumi, Latest India News | India Breaking News | India Politics | Mathrubhumi English, Latest India News | India Breaking News | India Politics | Mathrubhumi English
The two countries have agreed on a transition mechanism from the current equalisation levy to a global minimum tax.