Rakesh Nangia

G7 nations agree on Global Corporate Tax at 15%

The rich G7 countries have agreed on imposing a global corporate tax. With it, multinational companies will face 15% taxation. The G7 group has termed it a “historic agreement”. Interestingly, UK has welcomed the deal despite many British Overseas Territories being tax havens. The UK said it is happy with the global tax reform that requires large multinational technology giants to pay their fair share of tax. Among other G7