Synopsis: Further Liberalisation of capital account would increase risks. Introduction India has been progressively liberalising its capital account and further opening up would depend on a combination of factors. Deputy Governor T Rabi Sankar in a speech last week talked about various issues in this context. What are the recent steps taken by RBI with… Continue reading Liberalising capital account
Synopsis: Fears about algorithms designed for addiction, advances in AI are grounded in recent revelations about corporate greed and government surveillance. Why expecting the social media corporates to self-regulate themselves is an absurd idea? Inaction of social media corporates: Social media corporates are well aware of the moral uncertainty towards the consequences of their products… Continue reading Should we be worried about how technology is changing the human condition?
Synopsis: Global agreement on taxing multinational corporations and way forward for India Introduction After several years of negotiations, 136 countries, representing over 90 per cent of global output, finalised the agreement last week to tax multinational corporations. Since almost all members of the OECD’s framework on base erosion and profit shifting have agreed, tax avoidance… Continue reading Taxing multinationals
Synopsis: India signed a deal to enforce GMCT in India, but it has to alter its taxation system to bring respective reforms. Introduction India with another 135 countries agreed to enforce a pact to impose a minimum corporate tax rate of 15%, and an equitable system of taxing profits of big companies in markets where they… Continue reading Taxing big tech where it earn profits
Synopsis: This article is based on ideas from a book on how governments can check the power of big techs. Introduction The book System Error: Where Big Tech Went Wrong and How We Can Reboot, has been written by Stanford University professors Rob Reich, Mehran Sahami, and Jeremy M Weinstein. This book talks about the… Continue reading Need Smart Govts For Checking Big Tech