India agrees to international framework on taxing MNCs like Google, Facebook

NEW DELHI: India has extended its support for an international tax framework, which calls for global minimum corporate tax of 15% and makes way for countries to tax multinationals, especially tech giants like Google, Facebook and Amazon, on their earnings there. According to finance ministry officials, India will be able to tax big MNCs doing business in the country without having physical presence here up to 20% of their profits.