EU Adopts Global Minimum Tax
On 15th December, 2022, the European Union (EU) adopted a plan for a global minimum 15 percent tax on multinational businesses. The tax will come into effect across the block at the end of next year.
About Global Minimum Tax
- Global minimum tax, a landmark agreement between nearly 140 countries, establishes a system under which a company from a specific country will pay at least a certain percentage of its profits in taxes, regardless of where in the world those profits are being earned.
- This is a move designed to tackle a worldwide phenomenon known as Base Erosion and Profit Shifting ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 India Joins US-Led Minerals Security Finance Network
- 2 Pacific Islands Forum Meeting Highlights Growing Influence
- 3 Turkey Seeks Membership in BRICS
- 4 China's Commitment to Africa at FOCAC 2024
- 5 India Seeks Renegotiation of Indus Waters Treaty
- 6 India and Brunei Elevate Ties to “Enhanced Partnership”
- 7 India-UAE Nuclear Cooperation Agreement
- 8 Indian PM’s US Visit Solidifies India's Global Role
- 9 UN Approves Draft of Global Cybercrime Treaty
- 10 UN Launches Multidimensional Vulnerability Index
