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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.
When are the members of a Company considered to be severally liable under the Companies Act, 2013?
Which Article of the Constitution of India imposes bar to interference by court in electoral matters?
Admissions are:
Which legal maxim means on the face of it?
What is the maximum time frame within which a suit filed under the provisions of this Act must be disposed of by the court as per the Specific Relief Act?
Under which Section of Indian Evidence Act , DNA test of hair samples can be admitted in Evidence?
The making, acceptance or indorsement of a promissory note, bill of exchange or cheque is completed by__________
A mortgagee in possession has the right to ____________________-
According to Article 24 of the Constitution, what is the restriction regarding the employment of children?