G7 COUNTRIES PLANNING TO IMPOSE MORE TAX ON BIG TECH FIRMS IN US

Highlights

• G7 countries have a vision of a global tax rate of at least 15 percent on the tech companies

• Meanwhile, this report comes at a time when the American President has already been pressing to raise the corporate tax rate

The Uni...

GERMANY WARMLY WELCOMES US PROPOSAL CALLING FOR A 15% GLOBAL MINIMUM TAX RATE

Highlights

• While the corporate tax rate in the United States currently is 21 percent, the President Joe Biden is planning to raise it to 28 percent

• German Finance Minister Olaf Scholz welcomed the US move and said “This is really a big process. I am now, at...

Forex saves flood $24.8 billion since corporate tax break in September

Riding on the expanded progression of assets by remote portfolio financial specialists (FPIs) and ascend in outside direct speculation (FDI), outside trade holds proceeded with their flood for the eleventh straight week, ascending by $2.3 billion in the week finished December 6, 2019, to hit an u...

Indian Finance Minister says that twelve global companies want to move from China to India

Mumbai, December 1 (PTI): India's finance minister Nirmala Sitharaman said on Saturday about twelve global firms are interested in shifting their base from China to India, taking advantage of the 15 percent competitive tax rate recently announced.

Base corporate tax has been reduced...

The corporate Tax software market

There are certain latest trends of the installation of Corporate Tax software in the industries, and the software market focuses on the high growth as well as the complete analysis of the tax system in any corporate to avoid certain some circumstances where a company is caught on the basis of its...