Global Tax Rate

Billionaires should face a minimum tax rate, a new report suggested after it found that some of the world's mega-wealthy people are paying little to no tax.

It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The finding has been published by Divly, a Sweden-based tech research firm. With 4.09 percent, Finland clocked the maximum crypto tax payment rate, while India secured the 22nd rank on the index.

Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.

The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.

Surging retail inflation likely eased in May on lower fuel costs, but price pressures remain elevated, and the rate was expected to have held above the Reserve Bank of India's upper tolerance level of its 2-6 per cent target band for the fifth month in a row.

Jeep is planning to introduce its plug-in hybrid models under the 4xe range for the Indian market.

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

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.

A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.

The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.

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 among other multinational businesses could be subjected to more taxes as G7 nations reach a deal to pursue higher global taxation.

Gold Price Today: Gold jewellery prices vary in different parts of India due to factors such as excise duty, state taxes and making charges.

Petrol and diesel rates in the country vary from state to state due to local taxes, and are reviewed from time to time based on movement in the global oil market and the rupee-dollar forex rate.

Billionaires should face a minimum tax rate, a new report suggested after it found that some of the world's mega-wealthy people are paying little to no tax.

It is estimated that only 0.07 percent of Indian crypto owners actually declared and paid their taxes in the year of 2022. The finding has been published by Divly, a Sweden-based tech research firm. With 4.09 percent, Finland clocked the maximum crypto tax payment rate, while India secured the 22nd rank on the index.

Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.

The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.

Surging retail inflation likely eased in May on lower fuel costs, but price pressures remain elevated, and the rate was expected to have held above the Reserve Bank of India's upper tolerance level of its 2-6 per cent target band for the fifth month in a row.

Jeep is planning to introduce its plug-in hybrid models under the 4xe range for the Indian market.

The comments from the top politician comes at a time when petrol and diesel prices in the country have been on rising spree in India, driven by a surge in global crude oil rates

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.

A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.

The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.

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 among other multinational businesses could be subjected to more taxes as G7 nations reach a deal to pursue higher global taxation.

Gold Price Today: Gold jewellery prices vary in different parts of India due to factors such as excise duty, state taxes and making charges.

Petrol and diesel rates in the country vary from state to state due to local taxes, and are reviewed from time to time based on movement in the global oil market and the rupee-dollar forex rate.