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India asks whether global tax deal can work after US withdrawal

World

From the Center

NEW DELHI, Feb 3 (Reuters) - India is assessing whether a global corporate tax deal agreed between 140 nations can work following U.S. President Donald Trump's withdrawal from the landmark 2021 arrangement, a senior bureaucrat in the finance ministry said. Last month, Trump declared the global corporate minimum tax deal "has no force or effect" in the U.S., effectively removing his country from it. "If you say that the U.S. as a country goes away, then I think we will have to evaluate whether the whole framework will work," Finance...

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