What is Corporation Tax

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If much higher profits this year do not propel corporation tax revenue to a level higher than the FY19 peak, something must be wrong with corporation tax, writes T N Ninan

There are two ways: deliver a rapidly growing economic pie or re-assess tax policy - reform of GST, closing corporate tax loopholes, suggests T N Ninan

When asked about voting rights, Biden expressed support for changing the Senate filibuster tradition, which requires 60 of 100 US senators to agree on most legislation

Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion

Tax, revenue and macroeconomic trends are encouraging, but more needs to be done on privatisation, clean-up of banking mess, anti-protectionism, and de-politicisation of govt bodies, writes T N Ninan

Listed firms paid Rs 35,000 cr more tax this year, even as corporate tax mop up fell by Rs 1 trn. Pvt ltd firms and the non-corporate sector paid Rs 1.35 trn less, which means their profits dived

When the times change, policy has to adapt. Why then is New Delhi so determined to not raise rates on under-taxed forms of income and wealth, questions T N Ninan

A tax-cut race to the bottom must end, she said

The landmark agreement aims to revamp rules that have allowed major companies to save billions by shifting profits to low tax jurisdictions

Here are the best of Business Standard's opinion pieces for Wednesday

The time-hallowed principle of focusing on direct taxes is worth questioning

Here are the best of Business Standard's opinion pieces for Monday

Details of new global agreement will need to be scrutinised

India and other developing countries were fighting to include companies with at least Euro 1 billion in revenues as against the final proposal of Euro 20 billion revenues and a profit margin above 10%

The deal calls for a global minimum tax of at least 15%, a key element pushed by Biden as he seeks to raise more revenue for his infrastructure and clean energy plans

US Treasury Secretary Janet Yellen on Tuesday discussed a shared interest between the United States and India to implement a "robust" global minimum tax, the Treasury said

The group's relevance was tested again

Alongside negotiations on a global minimum rate, the OECD is working on a system to divide up between governments the rights to tax multinationals

Trend in contrast to moderation in GST collections last month