How do you see the India impact of the recent G-7 decision on minimum 15% taxes on global companies?

With the G-7 nations agreeing on a 15% tax on profits, irrespective of jurisdiction, India may be a surprise beneficiary. The idea here is to prevent offshoring profits since 70% of US companies use tax havens like Ireland, Luxembourg and Cayman Islands to lower taxes payable.

Under the new rules, businesses have to pay taxes in the country of operation. India, with its higher tax base, stands to benefit and could make its 15% concessional tax regime for global companies instrumental in attracting FDI.