Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | India sees ‘consensus’ by Oct. on OECD-G20 global tax deal    </title>
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Share of profit allocation, subject-to-tax rules&rsquo; scope yet to be addressed, says Finance Minister

A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation..."/>
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Share of profit allocation, subject-to-tax rules&rsquo; scope yet to be addressed, says Finance Minister

A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation..." />
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Share of profit allocation, subject-to-tax rules&rsquo; scope yet to be addressed, says Finance Minister</em></p><p style="text-align:justify">A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a &lsquo;consensus agreement&rsquo; was expected by October.</p><p style="text-align:justify">A total of 130 countries on Thursday agreed to an overhaul of global tax norms to ensure multinationals pay taxes wherever they operate and at a minimum 15% rate.</p><p style="text-align:justify">The solution should result in allocation of meaningful and sustainable revenue to market jurisdictions, particularly for developing and emerging economies, the Ministry said in a statement. A majority of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting members (including India) on Thursday adopted a statement containing an outline of a consensus solution to address tax challenges arising from digitalisation of the economy, it added.</p><p style="text-align:justify">It comprises Pillar One &mdash; reallocation of additional share of profit to the market jurisdictions, and Pillar Two &mdash; regarding minimum tax and subject-to-tax rules.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true" title="https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Share of profit allocation, subject-to-tax rules&rsquo; scope yet to be addressed, says Finance Minister</em></p><p style="text-align:justify">A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a &lsquo;consensus agreement&rsquo; was expected by October.</p><p style="text-align:justify">A total of 130 countries on Thursday agreed to an overhaul of global tax norms to ensure multinationals pay taxes wherever they operate and at a minimum 15% rate.</p><p style="text-align:justify">The solution should result in allocation of meaningful and sustainable revenue to market jurisdictions, particularly for developing and emerging economies, the Ministry said in a statement. A majority of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting members (including India) on Thursday adopted a statement containing an outline of a consensus solution to address tax challenges arising from digitalisation of the economy, it added.</p><p style="text-align:justify">It comprises Pillar One &mdash; reallocation of additional share of profit to the market jurisdictions, and Pillar Two &mdash; regarding minimum tax and subject-to-tax rules.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true" title="https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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Share of profit allocation, subject-to-tax rules&rsquo; scope yet to be addressed, says Finance Minister

A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation..." />
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    <h1 class="cat-box-title">India sees ‘consensus’ by Oct. on OECD-G20 global tax deal</h1>
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                            <p style="text-align:justify">-PTI/ The Hindu</p><p style="text-align:justify"><em>Share of profit allocation, subject-to-tax rules&rsquo; scope yet to be addressed, says Finance Minister</em></p><p style="text-align:justify">A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a &lsquo;consensus agreement&rsquo; was expected by October.</p><p style="text-align:justify">A total of 130 countries on Thursday agreed to an overhaul of global tax norms to ensure multinationals pay taxes wherever they operate and at a minimum 15% rate.</p><p style="text-align:justify">The solution should result in allocation of meaningful and sustainable revenue to market jurisdictions, particularly for developing and emerging economies, the Ministry said in a statement. A majority of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting members (including India) on Thursday adopted a statement containing an outline of a consensus solution to address tax challenges arising from digitalisation of the economy, it added.</p><p style="text-align:justify">It comprises Pillar One &mdash; reallocation of additional share of profit to the market jurisdictions, and Pillar Two &mdash; regarding minimum tax and subject-to-tax rules.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true" title="https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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India sees ‘consensus’ by Oct. on OECD-G20 global tax deal

Published on Jul 3, 2021   Modified on Jul 3, 2021

-PTI/ The Hindu Share of profit allocation, subject-to-tax rules’ scope yet to be addressed, says Finance Minister A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry on Friday said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a ‘consensus agreement’ was expected by October. A total of 130 countries on Thursday agreed to an overhaul of global tax norms to ensure multinationals pay taxes wherever they operate and at a minimum 15% rate. The solution should result in allocation of meaningful and sustainable revenue to market jurisdictions, particularly for developing and emerging economies, the Ministry said in a statement. A majority of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting members (including India) on Thursday adopted a statement containing an outline of a consensus solution to address tax challenges arising from digitalisation of the economy, it added. It comprises Pillar One — reallocation of additional share of profit to the market jurisdictions, and Pillar Two — regarding minimum tax and subject-to-tax rules. Please click here to read more.

PTI/ The Hindu, 3 July, 2021, https://www.thehindu.com/business/Economy/india-sees-consensus-by-oct-on-oecd-g20-global-tax-deal/article35108002.ece?homepage=true

Tagged with: G7 Group 7 Base Erosion and Profit Shifting Global Minimum Tax Corporate Tax Rate OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting G20 OECD

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