If implemented, this would put an end to multinational corporations shifting profits to low-tax heavens around the world…reports Asian Lite News. The European Commission (EC) said that it will delay a corporate
The emergence of case follows small traders claim they are being squeezed out of business by the multinational’s selling practices and that the US retailer’s 1 billion-pound-a-year venture with the chancellor’s father-in-law…reports
Finance ministers meeting in London also endorsed proposals to make the world’s biggest companies — including US-based tech giants — pay taxes in countries where they have lots of sales but no
The board has also extended the time limit for issuance of notice under section 148 of the Act for reopening the assessment where income has escaped assessment by three months…reports Asian Lite
The hiking of the corporate tax rate to help pay for Biden’s plan was an idea that Republican leaders are panning as harmful to economic growth, it was reported…reports Asian Lite News.
“We are working with G20 nations to agree to a global minimum corporate tax rate that can stop the race to the bottom,” said Yellen..reports Asian Lite News US Treasury Secretary Janet