Page 2 - Latest Updates on Corporation Tax
Shibboleths of the 'ideal' tax system
The time-hallowed principle of focusing on direct taxes is worth questioning
 "Shibboleths of the 'ideal' tax system")
Best of BS Opinion: Gaps in tax reform, mapping recovery, and more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Gaps in tax reform, mapping recovery, and more")
Gaps in tax reform
Details of new global agreement will need to be scrutinised
 "Gaps in tax reform")
India shifts international tax deal stand with an eye on revenue
India and other developing countries were fighting to include companies with at least Euro 1 billion in revenues as against the final proposal of Euro 20 billion revenues and a profit margin above 10%
 "India shifts international tax deal stand with an eye on revenue")
130 countries agree to Biden-backed 15% global minimum tax for companies
The deal calls for a global minimum tax of at least 15%, a key element pushed by Biden as he seeks to raise more revenue for his infrastructure and clean energy plans
 "130 countries agree to Biden-backed 15% global minimum tax for companies")
Yellen, Sitharaman discuss shared interest in 'robust' minimum tax
US Treasury Secretary Janet Yellen on Tuesday discussed a shared interest between the United States and India to implement a "robust" global minimum tax, the Treasury said
 "Yellen, Sitharaman discuss shared interest in 'robust' minimum tax")
G7's Cornwall rendezvous
The group's relevance was tested again
 "G7's Cornwall rendezvous")
$150-billion prize in sight for global talks on minimum corporate tax
Alongside negotiations on a global minimum rate, the OECD is working on a system to divide up between governments the rights to tax multinationals
 "$150-billion prize in sight for global talks on minimum corporate tax")
Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19
Trend in contrast to moderation in GST collections last month
 "Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19")
Global tax, local complexities: What G7 corporate tax deal means for India
The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities
 "Global tax, local complexities: What G7 corporate tax deal means for India")
World's richest people face tax squeeze after 40% rise in their fortunes
G-7's proposals part of global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington.
 "World's richest people face tax squeeze after 40% rise in their fortunes")
Tax on multinationals: Much detail needs to be hammered out for G20
The countries aim to reach a consensus at the meeting on the details, as much technical work has already been done.
 "Tax on multinationals: Much detail needs to be hammered out for G20")
G7 deal on minimum global corporate tax: Reason, likely impact explained
Agreement paves way for levies on multinationals in countries where they operate, instead of just where they are headquartered.
 "G7 deal on minimum global corporate tax: Reason, likely impact explained")
Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more")
Seal a tax deal
Minimum global corporate tax rate solves many problems
G-7 nears deal for at least 15% global minimum corporation tax: Report
The ministers are meeting Friday and Saturday in London and are due to release a statement after the discussions.
 "G-7 nears deal for at least 15% global minimum corporation tax: Report")
Govt's worry on corporation tax revenue front may worsen in coming years
Concern over a falling share of corporation tax revenue may get worse
 "Govt's worry on corporation tax revenue front may worsen in coming years")
A rising tide of old ideas: How world economics has changed in 4 decades
Higher tax rates, central banks pumping out cash, protection for home industry, suppressing interest rates, high social welfare pay-outs - all hark back to pre-Thatcher-Reagan phase - notes T N Ninan
Global minimum tax may impact India's special rate on manufacturing firms
US proposal to raise the global corporate tax rate to 28% from 21% might face resistance from countries unwilling to give up their edge and compete with America on its terms
 "Global minimum tax may impact India's special rate on manufacturing firms")
Corporation tax: Biden says open to compromise on infra, but not inaction
President Joe Biden drew a red line on his $2.3 trillion infrastructure plan Wednesday, saying he is open to compromise on how to pay for the package but inaction is unacceptable
 "Corporation tax: Biden says open to compromise on infra, but not inaction")
