Finance ministers from the G7 countries have agreed on a proposal for a 15% minimum tax rate for multinational groups together with new rules for allocating the taxing rights over the largest international companies. This agreement would be taken forward in the July meeting of G20 inclusive framework/OECD wherein it is expected to be agreed upon and implemented. If implemented, this will change the dynamics of International tax in terms of taxing rights that a source country gets.
This can impact tax havens like Ireland, Bermuda wherein the tax rate is already lower than 15% or countries like UAE where 100% tax exemptions have been given to corporates.
How will it affect India?
How are the tax structures going to perform?
How is OECD pillar 1 and pillar 2 related to it?
What about the UN tax committee proposal on Automated digital services?.
Come, Looking forward to seeing you all for an interesting webinar on the same.
Yeeshu Sehgal is a Chartered Accountant and an associate member of The Institute of Chartered Accountant of India (ICAI). He has authored various articles on International tax related topics which have been published on widely accessed professional websites like taxsutra, India tax forum, taxguru, linkedin etc. He has been actively contributing through writing about latest developments in International tax space in ICAI NIRC regional branches newsletters such as Faridabad branch, Jaipur Branch etc. He has been a regular speaker on several international and national seminars with audiences from US, UK, Nigeria, Bangladesh, Russia etc. He has spoken at Faridabad Branch of NIRC of ICAI as well on International tax practice for beginners. He has a strong passion and respect for International tax as a work area and at the same time aim to empower his CA, Lawyer, MBA or friends from other walk of life to stay confident and make International tax a part of their life from him. He has received a creator mode on linkedin as well. He has done his graduation in B.com (Hons.) From Shaheed Bhagat Singh College (M) and also worked with big4 firms to top tier firms in India during his articleship and even post qualification. At present, he is working in transaction advisory services (part of International tax advisory) at one of the top consulting firms in India.
It was really informative and wonderful. I just loved it
