Chancellor hails global cooperation as landmark tax reforms aimed for 2023
The Chancellor has hailed global cooperation after 136 countries agreed a new system ensuring large multi-nationals pay the right tax in the right places.
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The Chancellor has hailed global cooperation after 136 countries agreed a new system ensuring large multi-nationals pay the right tax in the right places.
OECD Information for journalists, Major reform of the international tax system finalised today at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023.
Conceding ground, India also settled for a re-allocation of only 25 per cent of non-routine profits of these entities above a 10-per cent margin, as against its stand for at least 30 per cent re-allocation, leaving little for New Delhi to gain.
Major reform of the international tax system finalised today at the OECD will ensure that Multinational Enterprises (MNEs) will be subject to a minimum 15% tax rate from 2023.
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