The goal is, countries would legislate a minimum rate of at least 15 percent for very big companies with annual revenues over 750 million euros ($864 million) to render using tax haven redundant
The agreement, signed by the countries after talks overseen by the Organization for Economic Cooperation and Development, will update the international taxation rules to cope with changes brought by digitalisation and globalisation
G7 strikes 'historic' agreement on global corporate tax to make multinationals liable in country of operants
Momentum has grown behind the US-led plans to limit the ability of multinationals such as tech giants to game the tax system to boost profits, especially at a time when economies around the world are reeling from the impact of the coronavirus outbreak
I-T refunds worth Rs 4,250 cr issued in a week; to be credited in 5-7 days in taxpayer bank account: CBDT
The Income Tax department has issued over 10.2 lakh refunds worth Rs 4,250 crore within a week, the Central Board of Direct Taxes (CBDT) said on Wednesday
Coronavirus Outbreak: How a prolonged shutdown will affect India’s salaried class, jobs, farm production, manufacturing
The government sector has been one of the drivers of the economy but will have to change track this year.
FMCG major HUL on Monday announced its plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities
Income Tax Department notifies forms for firms to avail lower corporate tax rates announced in September last year
The income tax (I-T) department has notified forms for companies to avail the reduced corporate tax rates that were announced in September last year
Govt moves towards simplifying tax regime; LIC IPO will benefit retail investors: Nirmala Sitharaman
The finance minister said that taxpayers' charter is based on the idea that taxation regime should be on the foundation of trust among citizens.
Nirmala Sitharaman exhorts industry to shun hesitation, partner with govt to push growth; says willing to take more steps
alking about the measures taken to help the industry, the minister listed some of them like corporate tax rate cut and removal of Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT).
Budget 2020: Govt stares at tax shortfall of Rs 2 lakh cr on faltering economy; room for personal income tax relief limited
The exchequer was shaved off Rs 1.45 lakh crore as the government slashed corporate tax rates up to 10 percentage points, the biggest reduction in 28 years.
Direct tax collections likely to drop in current fiscal year, first fall in at least two decades, IT dept receives only Rs 7.3 lakh cr so far
India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates
On a relative basis, India has underperformed in six of the seven cases 30 days prior to the Budget announcement and in five out of seven cases 30 days post-Budget announcement
P Chidambaram cautions govt may attack IMF, Gita Gopinath for lowering India's growth estimate to 4.8% for this fiscal
IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.
So far this year, the Sensex has given returns of 15.26 percent (till 27 December), while the Nifty has gained 12.73 percent. However, what is making market experts nervous is the frothy valuations.
Why Union Budget 2020 is an opportunity for govt to demonstrate its intent to rebuild economic policy credibility
Union Budget documents show that from FY17 to FY20, capital expenditure allocation went up by 18 percent over four years; revenue expenditure went up by 45 percent in that same period: nearly 2.5 times more
FPIs open fund floodgates for Indian markets, net inflow crosses Rs 1 lakh cr in 2019; positive trend may continue in 2020
While the year 2018 saw a net outflow of over Rs 33,000 crore by FPIs in equities, there were was a net inflow of Rs 51,000 crore in 2017, of Rs 20,500 crore in 2016, of Rs 17,800 crore in 2015 and of Rs 97,054 crore in 2014.
Narendra Modi said that the aim of the government is to both formalise and modernise the country's economy.
The revised corporate tax rates are competitive and its impact will be visible in the next two years, industry body CII's President Vikram Kirloskar said on Tuesday as he emphasised that the government listened to the industry "word by word" on lowering rates
Nirmala Sitharaman to hold pre-Budget consultations with stakeholders from today; focus on boosting economic growth
The finance ministry has already started the Budget preparation exercise, with different ministries and departments making expenditure projections
Finance Minister Nirmala Sitharaman said on Friday the government has taken concrete measures to implement a planned economic strategy for achieving the five trillion dollar GDP goal by 2024