A committee to consider India’s adoption of the OECD’s 15% global minimum tax is mulling various strategic and technical questions before it reaches a final decision, a senior tax official said Friday.
Chetan Rao, commissioner of income tax (transfer pricing), said several experts have cited the minimum tax rules—-also known as Pillar Two—as a complex legislation at the same time India is pushing for simplification of its decades-old income tax law.
“Can we have them together? That’s the first question,” Rao said during a panel discussion at a Foundation for International Taxation conference in Mumbai.
A deeper question, he said, ...
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