The World Inequality Report, released recently, has suggested raising the proposed global minimum tax rate on multinationals from the 15 per cent, which is agreed upon now....
It said the 15 per cent rate is lower than what working-class and middle class people typically pay in high-income countries....
This will generate additional tax revenues of$ 125 billion annually. Rakesh Nangia, chairman, Nangia Andersen India, said many developing countries stipulated tax rates higher than 15 per cent.
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2021-12-10 00:00:00.0