The Trump administration's decision to withdraw from the OECD's global tax deal will impact international consensus on a global minimum tax...

India, along with 110 other countries, has voted in favor of a UN Tax Convention Framework, despite opposition from 48 wealthy OECD members...

India voted for a change along with 125 countries in favour of a resolution calling for a 'UN tax convention'. The resolution was passed in...

The OECD has introduced a new multilateral convention to address base erosion and profit shifting, aiming to ensure that multinational corp...

The G-20 leaders have agreed on the swift implementation of a reporting framework for crypto assets to prevent tax evasion. The framework, ...

Global minimum tax of 15 per cent will come into effect from next year and by 2025 almost 90 per cent of MNCs having revenues of more 750 m...

The US, India and about 140 other nations are close to reaching a consensus agreement on the overhauling of global tax norms to ensure that...

India has said it will allow US multinationals to reduce tax liability to the tune of 2% equalisation levy paid in India

The global tax framework, drawn up by the OECD, has two pillars. Pillar One seeks to ensure a fairer distribution of profits and taxing rig...

India will continue to impose the levy March 31, 2024, or till the implementation of Pillar 1 of the OECD agreement on taxing MNCs.

Britain introduced the 'Google tax', India introduced the 'equalisation levy', and a host of other countries took different unilateral meas...

What adds to the complexity is that India will have to withdraw the equalisation levy — a 6% tax on advertising on foreign platforms and 2%...

A milestone global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has finally bee...

However, India will have to roll back the equalisation levy that it imposes on companies such as Google, Amazon and Facebook when the globa...

The G20 nations are now expected to endorse a provisional deal reached under the auspices of the OECD, adding momentum to reach a final dea...

India would be required to submit its suggestions to the OECD in December and wants companies to point out if there are any issues relating...

Multinational technology and digital companies may have to cough up a minimum level of corporate tax. The OECD seeks to use financial accou...