global minimum tax

Question 1

how much did they agree as the tax as

Answer 1

15% to be levied on multinational companies

Question 2

how many nations agreed

Answer 2

131

Question 3

this is part of which framework which is agreed upon by _ and _

Answer 3

base erosion and profit shifting. g20 countries and oecd.

Question 4

2 main pillars of this

Answer 4

minimum tax and reallocation of profits to the market jurisdictions

Question 5

india’s annual tax loss due to corporate tax abuse is

Answer 5

10 bil usd

Question 6

oecd programme to increase enforcement of offshore investment reporting

Answer 6

automatic exchange of financial information

Question 7

corporate tax rate in india

Answer 7

22% and 15% that gave up all exemptions and incentives

Question 8

effective tax rate of domestic indian companies

Answer 8

25.17%

Question 9

who proposed this tax and where is its hq

Answer 9

oecd. paris

Question 10

what is gafa tax? who introduced it? it will tax _% on digital activities

Answer 10

google apple facebook amazon tax. by france. 3%. tax to be levied on large tech companies

Question 11

equalisation levy of _% since _ taxed _. amendment to take it to all online activity effective from

Answer 11

6%. 2016. online advertising services. ap 1st 2020