2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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05 per cent
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15 per cent
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10 per cent
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20 per cent
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Detailed explanation-1: -Recently, the Organisation for Economic Cooperation and Development (OECD) has announced that a global deal to ensure big companies pay a Global Minimum Tax (GMT) rate of 15% has been agreed by 136 countries (including India).
Detailed explanation-2: -A 15% minimum global corporation tax rate has been backed up by the G7 countries, and measures have been proposed to ensure that the taxes are paid in countries where businesses operate.
Detailed explanation-3: -In 2021, 136 countries including India had agreed on a plan to redistribute tax rights across jurisdictions and enforce a minimum tax rate of 15% on large multinational corporations.
Detailed explanation-4: -Even the G7 Finance Ministers have called for a global minimum corporation tax rate of a minimum of 15%.