November 28, 2020

Market and Financial News Aggregator

Digital tax on US multinationals: Joe Biden election adds to the twist

1 min read

Under the Base Erosion and Profit Shifting (BEPS) framework, large economies—barring the US—have come together to tax the global income of digital companies. Indian taxman wants companies to discuss issues if any that they could face under pillar 1 and pillar 2. The US had refused to be part of BEPS claiming that it largely targets American multinationals such as Apple, Amazon, Facebook and Google.

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