Global Minimum Tax Rate, a global deal to ensure big companies pay a minimum tax rate of 15 per cent and make it harder for them to avoid taxation has been agreed by 136 countries recently (including India).
With reference to ‘Global Minimum Tax Rate’, consider the following statements:
Which of the above statement(s) is/are correct?
Examine how a ‘Global Minimum Corporate Tax’ (GMCT) will ensure that the new-age multinational companies pay their fair share of taxes. Also, discuss the impact of a GMCT on India. (250 Words)