Oecd Tax Convention
OECD still sees total commitment from countries to finalise global tax pact
Washington has said that India, China and Australia remain hold-outs on U.S. demands over alternative ways to calculate transfer pricing
 "OECD still sees total commitment from countries to finalise global tax pact")
15% global minimum tax to come into effect next year: OECD tells G20
Global minimum tax of 15 per cent will come into effect from next year and by 2025 almost 90 per cent of MNCs having revenues of more 750 million euros will be subject to the levy in every country of operation, said OECD in its report to G20. "The implementation of the global minimum tax is now well underway and will come into effect from the beginning of next year," the Organisation for Economic Cooperation and Development (OECD) said in a report to G20 finance ministers and central bank governors. The OECD said that till date, around 50 jurisdictions have taken steps to implement the global minimum tax. This figure includes half the members of the G20 and all the member states of the European Union. "The implementation of the global minimum tax continues to gather speed and we estimate that by 2025 almost 90 per cent of global multinational enterprises (MNEs) with revenues above EUR 750 million will be subject to a minimum effective tax rate of 15 per cent in every jurisdiction ..
 "15% global minimum tax to come into effect next year: OECD tells G20")
Will India gain by withdrawing equalisation levy in exchange for OECD deal?
There is little consensus among experts on whether or not the deal will bring in more revenues to India than the equalisation levy
 "Will India gain by withdrawing equalisation levy in exchange for OECD deal?")
Global corporate-tax overhaul advances as 136 countries sign on
In addition, countries agreed not to impose new digital services taxes as of Friday
 "Global corporate-tax overhaul advances as 136 countries sign on")
Gaps in tax reform
Details of new global agreement will need to be scrutinised
 "Gaps in tax reform")
India expects major gains from joining multilateral global tax deal
Officials in the Finance Ministry said that the terms of negotiations of the global tax deal have taken all the inputs that India had shared over the years
 "India expects major gains from joining multilateral global tax deal")
Digital Tax: India may oppose Biden govt move to tax only top 100 cos
The latest proposal by Washington, shared with 130 countries, aims to tax only those entities with a global revenue of $20 bn and is not limited to digital players
 "Digital Tax: India may oppose Biden govt move to tax only top 100 cos")
137 countries on board for OECD digital tax plan: Gurria at WEF Davos
Some countries including France have postponed their own laws to give a multilateral solution a chance
 "137 countries on board for OECD digital tax plan: Gurria at WEF Davos")
India signs OECD convention to check cross border tax evasion by MNCs
The Convention will operate to modify tax treaties between two or more parties to the Convention
 "India signs OECD convention to check cross border tax evasion by MNCs")
