Minimum Tax on Big Businesses Context: Recently, the members of the European Union reached a preliminary agreement to enact a minimum tax of 15% for large companies. A plan to allocate tax rights among jurisdictions and impose a 15% minimum tax rate on huge multinational […]
Decriminalisation of offences under GST Context: Recently, the48th GST Council meeting was held which recommended decriminalising certain offences under Section 132 of the Central Goods and Services Tax (CGST) Act Background: Tax evasion has significantly increased since the introduction of the GST, with many instances of […]
Kunming-Montreal Agreement Context: After four years of continuous negotiations around 200 countries including India have agreed with what is known as the historic deal which was signed in Canada. About: The Chinese-mediated agreement aims to protect the lands, oceans, and animals due to climate change, pollution, and degradation. The […]
