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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.
Which of the following pair is correct?
I. Opaque – do not allow light to pass through them
II. Translucent – allow light to pass...
A man inside an artificial satellite feels weightlessness because the force of attraction due to earth is –
What is the atomic number of carbon?
Which of the following is a process in which water from any source change into vapour state ‘due to heat’?
The seed multiplication ratio of rapeseed, red gram, hybrid maize, sorghum and jute is:
The frequency range of human hearing is approximately:
On the basis of which phenomenon does a Jet Engine work?
When electric current is passed through a wire, the amount of heat produced in a wire depends upon _____.
I. Length
II. Thickness
Which among the following term refers to the commercial rearing of silkworms?
Specific heat of aluminum when 26000 J of energy is supplied to 4 kg block and it's temperature rises from 25°C to 35°C is