India joins global consensus framework to tax multinational firms By Reuters – Investing.com

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  • Date: 02-Jul-2021
  • Source: Investing.com
  • Sector: Economy
  • Country: Saudi Arabia
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India joins global consensus framework to tax multinational firms By Reuters – Investing.com

NEW DELHI (Reuters) - India has joined a global consensus framework deal to tax multinational companies, the government said on Friday, an effort backed by the United States.

Officials from 130 countries, including G20 nations and OECD members, agreed on Thursday in Germany's business hub of Frankfurt to the broad outlines for an overhaul of rules for taxing international companies.

"The principles underlying the solution vindicate India's stand," the government said in a statement.

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