minimum tax

Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory

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Deal to force multinational companies to pay 15% minimum tax is marred by loopholes: EU Tax Observatory

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union (EU) has warned. The landmark … Read more

OECD deal: MNCs will be subject to a minimum tax of 15% from 2023

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OECD deal: MNCs will be subject to a minimum tax of 15% from 2023

Multinational corporations will be subject to a minimum tax of 15% from 2023, in a major reform of the international tax system finalised by the OECD on Friday. The framework, backed by 136 countries, including India, seeks to ensure a fair share of taxes for countries where multinationals and global digital companies such as Netflix, … Read more