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What Should India s Response Be to the Global Minimum Corporate Tax Debate?
A report suggests that the Indian government is not in favour of the new minimum tax rate – the argument being that the new proposal would not be favourable to the Indian businesses.
Indian statutory corporate tax rates were already slashed from 30% to 22%  in November 2019. Photo: Reuters
Economy4 hours ago
There seems to be a growing momentum around the world for a transformation of the global tax system, following US treasury secretary Janet Yellen’s comments last week, and various other developments on the international taxation front.
The development of a ‘global minimum corporate tax rate’ – in essence, setting a minimum rate for corporations all over the world to pay regardless of which jurisdiction they are registered in is a welcome idea, exposited by the arguably most important decision-maker in the world economy, secretary Yellen. ....

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