INTER-LINKED: Global Minimum Tax

In this episode of Interlinked, we will unpack the recently introduced Global Minimum Tax, in terms of its working, its profound impact on developing economies, especially India and Multinational Companies in general. The plan for asserting a global minimum tax of 15% on corporates, gained public eye post the 2021 Cornwall G7 summit. Several OECD countries have also voiced their opinion in favour of such a mechanism to keep the growth of shell companies and tax havens around the world in check. India particularly is also estimated to benefit hugely from the implication of a global minimum tax. We will look at various aspects of the proposed plan’s working and impact on economies and organisations a little more closely with Dr. Mansi Kedia and Mr. Meyyappan Nagappan.