Global Tax Agreement
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US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
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About 140 Nations Close To Reaching Pact On Global Tax Deal For Multinationals
The US, India and about 140 other nations are close to reaching an agreement on the overhauling of global tax norms to ensure that multinationals pay taxes wherever they operate.
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Among Finance Ministers, No Agreement Yet On This Important Tax Issue
Real-money online games have become hugely popular in India, prompting foreign investors like Tiger Global and Sequoia Capital to back local gaming startups Dream11 and Mobile Premier League.
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US To Terminate Trade Retaliation Case Against India After Digital Tax Agreement
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.
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Global Tax Agreement "Historic", Major Advance In Fiscal Justice: France's Macron
French President Emmanuel Macron on Saturday hailed the "historic" agreement of 136 countries on setting a minimum tax rate for multinationals as a major advance in fiscal justice.
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Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
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Apple, Google, Amazon, Other Tech Giants May Have to Pay Much Higher Taxes as G7 Nations Reach Landmark Deal
Apple, Google, Amazon among other multinational businesses could be subjected to more taxes as G7 nations reach a deal to pursue higher global taxation.
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France Wants EU to Push Ahead With Digital Tax if Global Efforts Fail
The European Union should push ahead with its own digital tax in the first quarter of 2021 if broader efforts to find an international solution do not bring a breakthrough this year, the French finance minister said on Friday.
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Google Endorses 'International Tax Deal' for Multinational Companies
Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries.
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Government Invites Stakeholders' Comments On Mauritius Tax Treaty Issues
The government on Wednesday sought comments from stakeholders on issues arising out of the changes in the tax treaty with Mauritius.
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Government Hopes To Conclude Singapore Tax Treaty Revision In FY17: Report
After revising the tax treaty with Mauritius, the Centre will soon initiate the process of modifying tax agreements with Singapore and Cyprus and hopes to complete the process within the current fiscal year so that there is uniformity on capital gains tax with regard to investments.
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Government to Revise Tax Treaty With South Korea
Ahead of Prime Minister Narendra Modi's visit to South Korea this month, the Cabinet on Wednesday approved revision of the double tax avoidance pact with Seoul to provide tax stability and facilitate flow of investment and technology between the countries.
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Cyprus tax row: India set to start income tax office in island nation, says report
As part of its strategy to combat black money, India will soon operationalise its first-ever income tax office in Cyprus to tackle funds flowing from the island nation even as it mulls rolling back suspension of tax benefits on investments made from that country.
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India gives Cyprus two months to share information: report
India has given Cyprus two months to provide information on certain funds flowing from the island nation before deciding on whether to roll back suspension of tax benefits on investments made from there, according to a top Finance Ministry official.
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Money laundering: Mauritius, India agree to 'limitation of benefit' clause
To further ring-fence its jurisdiction from any attempts of round-tripping and money laundering activities, Mauritius has agreed to include a 'limitation of benefits (LOB)' clause in its revised tax treaty with India.
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US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
-
About 140 Nations Close To Reaching Pact On Global Tax Deal For Multinationals
The US, India and about 140 other nations are close to reaching an agreement on the overhauling of global tax norms to ensure that multinationals pay taxes wherever they operate.
-
Among Finance Ministers, No Agreement Yet On This Important Tax Issue
Real-money online games have become hugely popular in India, prompting foreign investors like Tiger Global and Sequoia Capital to back local gaming startups Dream11 and Mobile Premier League.
-
US To Terminate Trade Retaliation Case Against India After Digital Tax Agreement
The U.S. Trade Representative's office said it is moving to terminate its trade retaliation case against India after Washington and New Delhi agreed on a global tax deal transition arrangement that will withdraw India's digital services tax.
-
Global Tax Agreement "Historic", Major Advance In Fiscal Justice: France's Macron
French President Emmanuel Macron on Saturday hailed the "historic" agreement of 136 countries on setting a minimum tax rate for multinationals as a major advance in fiscal justice.
-
Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
-
Apple, Google, Amazon, Other Tech Giants May Have to Pay Much Higher Taxes as G7 Nations Reach Landmark Deal
Apple, Google, Amazon among other multinational businesses could be subjected to more taxes as G7 nations reach a deal to pursue higher global taxation.
-
France Wants EU to Push Ahead With Digital Tax if Global Efforts Fail
The European Union should push ahead with its own digital tax in the first quarter of 2021 if broader efforts to find an international solution do not bring a breakthrough this year, the French finance minister said on Friday.
-
Google Endorses 'International Tax Deal' for Multinational Companies
Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries.
-
Government Invites Stakeholders' Comments On Mauritius Tax Treaty Issues
The government on Wednesday sought comments from stakeholders on issues arising out of the changes in the tax treaty with Mauritius.
-
Government Hopes To Conclude Singapore Tax Treaty Revision In FY17: Report
After revising the tax treaty with Mauritius, the Centre will soon initiate the process of modifying tax agreements with Singapore and Cyprus and hopes to complete the process within the current fiscal year so that there is uniformity on capital gains tax with regard to investments.
-
Government to Revise Tax Treaty With South Korea
Ahead of Prime Minister Narendra Modi's visit to South Korea this month, the Cabinet on Wednesday approved revision of the double tax avoidance pact with Seoul to provide tax stability and facilitate flow of investment and technology between the countries.
-
Cyprus tax row: India set to start income tax office in island nation, says report
As part of its strategy to combat black money, India will soon operationalise its first-ever income tax office in Cyprus to tackle funds flowing from the island nation even as it mulls rolling back suspension of tax benefits on investments made from that country.
-
India gives Cyprus two months to share information: report
India has given Cyprus two months to provide information on certain funds flowing from the island nation before deciding on whether to roll back suspension of tax benefits on investments made from there, according to a top Finance Ministry official.
-
Money laundering: Mauritius, India agree to 'limitation of benefit' clause
To further ring-fence its jurisdiction from any attempts of round-tripping and money laundering activities, Mauritius has agreed to include a 'limitation of benefits (LOB)' clause in its revised tax treaty with India.
