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.
If the ratio of areas of two circle is 4:9, then the ratio of their circumferences will be:
A circular wire of diameter 70 cm is folded in the shape of a rectangle whose sides are in the ratio 3:2. Find the area enclosed by the rectangle.
The volume and height of a cylinder are 2662 cm3 and 7 cm. Find the radius of the cylinder.