Workbook 66/80 - Global Minimum Tax

Hey Students!

Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional or national. The word in focus over here is ‘government entity’. Due to globalization, big companies have a major chunk of its revenue as international income which is not taxable in the country of earning as company is off shore. So, to counter it GMT has been mooted.

Please go through the workbook and answer the required question accordingly:
Mains Work Book No.66 - Global Minimum Corporate Tax-converted.pdf (271.3 KB)

1 Like

file_1622694274146.pdf (1.8 MB)

Apt intro. Good flow chart. Good structure. You can also provide the diagram on how GMT tackles this problem of BEPS. You need to write either a way forward or a conclusion in aan answer. Keep practicing.

Intro can be better. Good structure. Diagrams could have been used to depict the problem of BEPS and its solution. You could have created two sub headings about how GMT will affect India and what India is doing in this regard. Cite some credible solutions in way forward. Keep practicing.

Good intro, good examples. It is GAFA not GAGA tax. Nice flow chart. Keep practicing.

1 Like

Good intro. Nice structure. All dimensions of question has been identified well. Good content. Keep practicing.

1 Like