What Does the Global Minimum Tax Mean? How Does It Benefit India?

Описание: The need for a Global Minimum Corporation Tax (GMCT) has been debated and emphasised since the OECD announced it in 2019, and three years later, in 2022, everything is in place for GMCT to take effect. On October 8, 2021, 136 countries agreed to the OECD's GMCT plan. On October 31, 2021, the G20 meeting endorsed this idea.
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Timestamps:

00:00 Introduction
00:43 What is a Global Minimum Tax?
01:20 Why Do Governments Want This Tax?
02:00 What Does the New Agreement Say?
03:03 How Does India Benefit?
03:53 Conclusion

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