- GS-2: International Institutions
- GS – 3: Economy, Globalisation and Challenges
Context: Members of the European Union agreed in principle to implement a minimum tax of 15% on big businesses.
Last year, 136 countries had agreed on a plan to redistribute tax rights across jurisdictions and enforce a minimum tax rate of 15% on large multinational corporations.
Main Practice Question: What do you think are the implications of OECD’s minimum tax initiative?
Note: Write answer his question in the comment section.