India Urges G20 to Increase Taxation on Global Firms’ Excessive Profits

  • India proposes the G20 to raise tax rates on multinational companies earning ‘excess profits’ in the host nations.
  • This proposal has been made to the Organisation for Economic Cooperation and Development, set to be broadly discussed in the G20 meeting.
  • The current regulations are viewed as outdated as firms like Apple or Amazon can profit book in low-tax countries.
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