Current Affairs - Economy - Discussion

Discussion :: Economy - Latest Current Affairs (Q.No.53)

53. 

Which plan was agreed by the Group of Seven (G7) finance ministers during their meeting in France?

[A]. Environmental Protection by 2023
[B]. Climate Change by 2022
[C]. Two-pillar taxation for large tech companies to be adopted by 2020
[D]. Eradication of TB by 2025

Answer: Option C

Explanation:

In the event of G7 finance ministers meeting in France, all fully supported two-pillar taxation for large tech companies to be adopted by 2020.Digital Taxes: They agreed on a plan for taxing digital companies such as Facebook, Google, and Amazon in the countries in which they make money, even without any physical presence in the country.They also agreed that a minimum level of effective taxation would contribute to ensuring that companies pay their fair share of tax.The plan would have to be further developed by the G20 group of top 20 economies and then implemented under the aegis of the Organisation for Economic Cooperation and Development (OECD).

Post your comments here:

Name *:

Email   : (optional)

» Your comments will be displayed only after manual approval.