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A global deal on taxes may suit our interests

The US is pushing for global unity to stop MNCs from exploiting tax gaps across the world. It also wants a grand treaty on digital taxation. India must weigh its proposals carefully ....

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Chinese, Azerbaijani Enemalta investments would fall foul of new EU rules


Chinese, Azerbaijani Enemalta investments would fall foul of new EU rules
New Brussels rules could block foreign companies from making acquisitions and from receiving public contracts in Europe if they are deemed to have benefitted from government subsidies or state aid
10 May 2021, 7:31am
by David Lindsay
Former energy minister Konrad Mizzi (centre) in 2017 at the financial closure of the gas power project he had piloted in the previous legislature
The controversial Chinese and Azerbaijani investments into Enemalta would have almost certainly been deemed highly questionable, if not illegal, if new rules unveiled by the EU this week had been in force at the time when former energy minister Konrad Mizzi’s grand designs for Enemalta were being unfurled. ....

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What Should India's Response Be to the Global Minimum Corporate Tax Debate?


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. ....

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