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India agrees to landmark global tax framework on taxing multinationals

India has agreed to a pathbreaking international framework with 129 other countries for taxing multinationals that could impact its ability to tax them and have the potential to douse trade wars over taxing tech giants. India and the other countries issued a joint statement on Thursday affirming support for the proposed framework which has at its core a global minimum corporate tax of 15 per cent and makes way for countries to tax multinational enterprises (MNEs), especially tech giants like Google, Facebook and Amazon, on their earnings there. It would re-allocate some taxing rights over MNEs from their home countries to the markets where they have business activities and earn profits, regardless of whether firms have a physical presence there, said the Organisation for Economic Cooperation and Development (OECD), which coordinated the development of the plan.

Legal threats move closer to Trump as his trusted official charged (Ld)

Legal threats move closer to Trump as his trusted official charged (Ld)
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

India Warns Of Cross-border Terror Via Cyberspace, Calls For Global Action

India warns of cross-border terror via cyberspace, calls for global action By Arul Louis United Nations, June 30 (IANS) Raising an alarm about the emergence of cyberspace as a vehicle for cross-border terrorism by nations and terror organisations, India has called for international action to achieve a framework for global cybersecurity. Outlining the dangers to international peace emanating from cyberspace, India’s Foreign Secretary Harsh Vardhan told the Security Council on Tuesday: “We need to adopt a collaborative rules-based approach in cyberspace and work towards ensuring its openness, stability and security.” Adv. UN’s High Representative for Disarmament Affairs, Izumi Nakamitsu also warned of the risks from cyberattacks and said that situations could develop that “can encourage states to adopt offensive postures for the hostile use of these technologies”.

India, US hold joint exercises to build high-calibre integration

India, US hold joint exercises to build high-calibre integration
prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.

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