Taxation

Tuesday, Apr 23, 2024 | Last Update : 02:15 PM IST

Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could 'top up' their taxes to the 15% minimum, eliminating the advantage of shifting profits.

What is the global minimum tax deal that India, 135 other nations have agree on?

The minimum tax and other provisions aim to put an end to decades of tax competition between governments to attract foreign investment

09 Oct 2021 1:32 PM

The goal of a digital government is to transform the analogue, paper-based, legacy systems traditionally used to interact with citizens and to make public services work better, faster, smarter and centred on citizens’ needs. — By arrangement

Global Firm SILVERSEVEN Fighting Corruption using Emerging Technologies

SILVERSEVEN® is a Spiritually led Global Social Impact firm on a mission to launch multiple companies

07 Sep 2021 9:18 PM

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Monsoon Session of Parliament, in New Delhi, Thursday, August 5, 2021. (LSTV/PTI Photo).

Centre foregoes retro tax power

Introduces Bill to amend Income-Tax law

06 Aug 2021 12:58 AM

European countries in particular say the so-called GAFA—Google, Apple, Facebook and Amazon—are unfairly exploiting tax rules that let them declare profits in low-tax havens, depriving them of a fair share of their fiscal payments.

France says it will go ahead with taxing Big Tech if US plays hooky on negotiations

In January, 137 countries, including India, agreed to negotiate tax on tech firms but since tech gains during lockdown, US has backtracked.

18 Jun 2020 6:57 PM

ncome Tax return forms being revised. (PTI Photo)

I-T revises return forms to enable taxpayers avail benefits of timeline extension

The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31

19 Apr 2020 6:53 PM

Auto component industry on Monday sought uniform 18 per cent GST across the sector stating that low taxation would lead to better compliance and larger tax base.

Auto components industry seeks uniform 18 pc GST on all products

Currently 60 per cent of the components attract 18 per cent GST rate.

06 Aug 2018 5:22 PM

The Women and Child Development Ministry has urged the Finance Ministry to amend the Income Tax Act to exclude from tax ambit the income arising from the assets transferred for an inadequate consideration by an individual to his wife or son's wife.

Finance ministry considering to exclude income from minor asset transfer

Virendra Kumar said the request to carry out amendment in the Income Tax Act was under the consideration of the Finance Ministry.

02 Aug 2018 4:07 PM

Mercedes-Benz can drive in a fully electric vehicle to India as early as next year depending on a favourable taxation structure.

Favourable tax structure required to launch EVs in India: Mercedes

The fully imported completely built units (CBU) of EVs should be treated at par in terms of taxation.

06 May 2018 2:20 PM

Higher airport charges, taxation shackle industry: Naresh Goyal

Current airport infrastructure is unable to keep pace with the breakneck growth in capacity and traffic.

27 Aug 2017 5:55 PM

Urban Development Minister M Venkaiah Naidu. (Photo: PTI)

Main aim of GST is to simplify taxation process: Venkaiah Naidu

GST was deliberated for more than 15 years and only then was it implemented.

05 Jul 2017 8:17 PM

After initial 'hiccups', GST will benefit all in long-term: Venkaiah

He said GST will bring down inflation, prices, improve ease of doing business and strengthen the economy in the long run.

26 Jun 2017 5:48 PM

Prime Minister Narendra Modi. (Photo: File)

India will set example for world with GST: Modi

Thanking all political parties for its support, the PM said that all the political parties have shown that country is above politics.

20 Jun 2017 9:24 PM

Ambiguity on e-way bills under GST; border check-posts to exist

The e-way bill which is crucial to the ‘one nation, one tax’ idea of GST has been a matter of debate.

19 Jun 2017 11:45 AM

GST Council may review steep levy on hybrid cars

Incidence of GST on mid and large-sized hybrid cars has been kept at same level as passenger cars.

24 May 2017 4:56 PM

Illegal cigarette trade is more than 20 per cent of the cigarette industry in India.

Have a tax rate that disincentivises cigarette smuggling: FAIFA

GST is an opportunity for the government to ensure illicit trade is eradicated from the country.

15 May 2017 1:55 PM

Earlier it was agreed that a Rs 55,000 crore GST compensation fund would be created by levying cess on demerit or sin goods and luxury items.

GST passage hit again as states demand larger pie

Eighth meeting of GST council did not even take up the issue of dual control on Tuesday another contentious holding up GST roll out.

04 Jan 2017 6:14 AM

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Aakar Patel

taxation