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An Indian-born CEO appointed by a multinational may grab the headlines, but no longer raise eyebrows as a flash in the pan. On the contrary, there is now a growing trend for global CEOs to write success stories for Indian companies. For India Inc, with a traditionally poor record of hiring expatriate CEOs, the passages …

Al Jazeera English posted this video titled “Will a Global Minimum Tax Rate Stop Corporate Tax Evasion?” | Inside Story ”- below is their description. Tax evasion has long been a controversial practice in global trade, but the world’s largest economies are trying to stop it. The leaders of the G20 group have approved a …

Image Credit: Provided In May this year, for the first time in Dubai, the Modern Vet team of five veterinarians performed PDA surgery on an eight-month-old Pomeranian puppy who suffered from a severe congenital heart defect, Patent Ductus Arteriosus ( PDA). The ductus arteriosus is the communication between two large vessels leaving the heart: the …

President Biden announced his spending proposals of more than $ 4.5 billion and the accompanying tax hikes as an investment in “rule the world rather than let it slip away. Yet, paradoxically, a new analysis exposes a huge way in which Biden’s plans would make the United States less competitive in the global market to …

ROME (AP) – Leaders of the world’s economic powers gathered on Saturday for the first in-person summit since the coronavirus pandemic, with climate change, the economic recovery from COVID-19 and the global minimum corporate tax rate at the agenda. Italian Prime Minister Mario Draghi greeted the Heads of State of the Group of 20 at …

Leaders of the world’s 20 largest economies will endorse the US proposal for a 15% global minimum corporate tax, the draft conclusions of the two-day G20 summit in Rome said on Saturday. The G20 plans to have the rules in effect in 2023. “It’s more than just a tax deal, it’s an overhaul of the …

The bank surcharge will be reduced to 3% from April 2023. The profit deduction, which serves as a threshold for when the surcharge becomes payable, also increases from £ 25million to £ 100million. The surcharge is payable by the banks in addition to the corporation tax. A surcharge revision was first announced in the spring …

Image Credit: Keerthana Dana Sekaran’s story already resonates with the success stories of many Indian expats living in Dubai. Originally from the village of Kotapolur, Andhra Pradesh, she was raised by her grandparents who were farmers by profession. Recognizing the importance of maintaining their livelihood and educating their daughters, her parents ventured to foreign countries …

KISHIDA FUMIO, the new Japanese Prime Minister, has expressed no opposition to Abe Shinzo’s corporate governance reforms. His predecessor’s efforts to make Japanese companies focus more on shareholder returns and less beholden to insider management were at the heart of his economic reforms. But Mr. Kishida hasn’t said much in their favor either. Proposals for …

The tax administration reduced the corporate tax to 10% for manufacturers of freezers, refrigerators, motorcycles, compressors and air conditioners until June 2032 with the aim of further boosting the growing home electronics industry and of the automobile. Currently, unlisted assemblers and manufacturers of electronics pay 30 percent tax on their income while listed companies pay …