Which of the following statements are correct regarding the Global Minimum Tax deal?
I. It aims to ensure that big companies pay a minimum tax rate of 15% and do not avoid taxation
II. The rate would apply to all the overseas profits of multinational firms.
III. It was held in Jakarta, Indonesia.
Select the correct answer using the code given below:
Statement 1 is correct : Global minimum tax deal :It is a global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation. Statement 2 is correct : The global minimum tax rate would apply to overseas profits of multinational firms. Statement 2 is not correct : Recently the ‘G20 Ministerial Symposium on Tax and Development’ was held in Bali, Indonesia. 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. A second track of the overhaul would allow countries where revenues are earned to tax 25% of the largest multinationals’ so-called excess profit – defined as profit in excess of 10% of revenue.
If Jaspreet is an immediate neighbor of Jasbir then who among the following likes Black?
Eight friends, D, E, F, G, H, I, J and K, are watching a movie sitting in a line. H is sitting at one of the corners. E is sitting between K and F. J is...
Which of the following is R’s position?
Who sits third to the left of one, who sits immediate right of B?
Four of the five among the following are similar in such a way to form a group, which one of them doesn’t belongs to the group?
Four of the following five forms a group as per the given arrangement, which of the following does not belong to that group?
Four among the following five are alike in a certain way and hence form a group. Which of the following does not belongs to the group?
Which of the following statements is not true?
There are five girls-A,B,C,D and E sitting in a row facing North. E is sitting exactly in middle of the row, B is sitting to the immediate right a...
Which of the following combination is true?