Business Standard

TAXING DIGITAL COMPANIES

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■ OECD seeks removal of unilateral measures like Google tax by countries, including India

■ Says no new tax or other relevant similar measures would be imposed on any company from October 8, and until the earlier of December 31, 2023

■ Global tax deal would cover companies with 20billion-euro revenues and a profit margin above 10 per cent.

■ Outcomes of Wednesday meeting with finance ministers will go to G20 summit in the month end The fine print is expected after these meetings with countries over the proposed framework

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