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.
The consideration or object of an agreement is not unlawful if_______________
A is tried for the murder of B by beating him with a club with the intention of causing his death.
Which of the following is a relevant fact?
According to the Consumer Protection Act which body among the following has the power to appoint an expert for assistance?
Hypothecation includes
No attachment of property under a precept shall continue for more than _______________ unless extended by the Court issuing precept.
Which among the following has the power to extend the functions of the State Public Service Commission?
The judges cannot go beyond litera legis is propounded by which rule of interpretation?
Torts is a civil wrong for which the remedy is a common law action for unliquidated damages and which is not exclusively the breach of a contract or the...
Kaziranga is known for :
Who are not competent to Contract as per the Contract Act?