wordpress blog stats
Connect with us

Hi, what are you looking for?

Critics say OECD’s tax deal for big tech has no teeth. What does it mean for India?

OECD claims the deal will bring more revenue to developing countries by taxing big tech equitably, but critics point to loopholes.

"Today's tax deal was meant to end tax havens for good. Instead, it was written by them," Susana Ruiz, Oxfam's tax policy lead, said in a press release referring to the deal facilitated by the Organisation for Economic Co-operation and Development (OECD), and signed by 136 countries including India. The deal, which aims to create a tax system for a 'digitalised and globalised world economy'  claims to 1) shift taxing rights to the markets where profit is earned and 2) set a floor for corporate income tax applicable to large multinationals. OECD claims the deal will bring more revenue to developing countries by taxing big tech equitably. Oxfam and other critics, however, point to worrying loopholes in the deal, arguing that the concerns of developing countries weren't adequately addressed. Deal is not good enough for developing countries, critics say Critics…

Please subscribe/login to read the full story.
Written By

Figuring out subscriptions and growth at MediaNama. Email: nishant@medianama.com

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ