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WB Chief at G20 India warns of Greater rich-poor divide, distrust in Global North

ALBAWABA – New World Bank chief Ajay Banga warned Tuesday at a G20 India meeting that the growing gap between rich and poor nations may deepen poverty

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Exclusive-India to push G20 to raise share of taxes on firms where they earn 'excess profit'

India will push its Group of 20 partners at a meeting it is hosting to support its proposal to raise the share of taxes multinational companies pay to countries where they earn "excess profits", government officials said. India's proposal, which has not been previously reported, could temper optimism among G20 members such as Australia and Japan that the meeting of finance ministers and central bankers in Gujarat would make progress on a long-awaited overhaul of global corporate taxation. More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax multinationals.

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Reuters

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