Corporate Tax

World taxes, native complexity: what does the G7 corporate tax treaty imply for India

The recent G7 global minimum tax proposal has mixed implications for Indian corporations, foreign majors operating here, and the tax authorities

subjects

Corporation tax | G-7 summit | Indian company

The global minimum corporate income tax of 15 percent proposed by the G7 countries at the summit of their finance ministers last weekend could put a strain on the lives of some large Indian IT companies.

For example, the tax could cost TCS, India’s largest IT services company, more under the new tax treatment, but Infosys could barely get away with it because it is still not one of the top 100 digital multinationals by size. Indian conglomerates like Airtel and the Tata Group with significant overseas investments may not be able to retain the benefit of their tax advantages overseas …

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Initial publication: Fri, June 11, 2021. 6:10 am IST

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