India to seek for higher share under global tax regime

According to the officials, India will work with other nations of similar interest to get a fair share in the proposed tax deal for the multinational digital firms. On 2^nd July 2021, India joined 130 nations in G20-OECD inclusive framework. The tax framework focuses on the guidelines to create a global tax regime.
An Indian official said “We would speak to like-minded countries… We should get a better deal.” The propsed tax is expected to be cover companies, multinational companies with more than INR 20 billion and over 10% profitability. The framework for tax regime is expected to be out by October 2021. The implementation of deal is expected to be from 2023.