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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.
The Sahitya Akademi was formally inaugurated by the Government of India on 12 March ________.
Consider the following statements about the Kakori train conspiracy.
1. In the incident of Kakori, the main conspirator was Ram Prasad Bismil. <...
Which Indian chess master has clinched the 2018 Tal Memorial Rapid Chess tournament in Moscow?
Which of the following statement is correct about The Amazon, the world's most biodiverse rainforest?
(1) The World's second largest rainforest...
The marginal propensity to consume (MPC) refers to the:
Which of the following options is incorrect about “National Education Policy 2020”?
Which of the following cricketers was described as 'Mr. Incredible' by the captain of the England Test Cricket team in July 2020?
Fruit cracking is due to the deficiency of:
Who was appointed as the 24th Chief of Naval Staff in May 2019?
Through what financial mechanism did Bank of India (BoI) recently secure ₹4,500 crore by issuing approximately 44.91 crore equity shares at an issue p...