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.
Find the odd one out.
Four numbers have been given, out of which three are alike in some manner and one is different. Select the number that is different.
Odd one out
Four numbers have been given, out of which three are alike in certain manner and one is different. Select the odd one.
Three of the following four options are alike in a certain way based on the Alphabetical series. Which one among the following doesn’t belong to the g...
Odd one out
Four number pair have been given, out of which three are alike in a certain way and one is different. Select the one that is different. (NOTE: Operation...
Odd one out
Pick the odd one out.
Select the word which does not belong to the same group from the given alternatives.