Page 26 - Minimum Tax News Today : Breaking News, Live Updates & Top Stories | Vimarsana

"Abbiamo bisogno di un sistema fiscale giusto: appoggiamo lo storico impegno preso dal G7 il 5 giugno. (ANSA)

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June 11, 2021 ISLAMABAD: The telecom giants have asked the government for reducing advance income tax from 12.5 to 10 percent, rationalize and harmonize GST rate at 16 percent, resolution of SIM issuance tax and reduction in Customs Duty and Regulatory Duty on telecom equipment and raw material for optic fiber cable in the budget 2021-22. According to a joint letter written by giant telcos including PTCL, Jazz, Telenor Pakistan, Ufone and Zong to Federal Minister for Finance, they were hopeful that the tax proposals approved by the federal cabinet shall be implemented in the upcoming Finance...

The annual G7 summit is focusing on economic measures that could address inequities worldwide. They want to change things, but can they, really?

Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax jurisdiction or by parking intangible assets such as intellectual property in subsidiaries in tax havens, so that royalties would accrue there.