Neutral impactEconomy
BRICS economies must shape global tax rules for next generation, says FM Sitharaman
Economic Times 1 hr ago·23 Sept 2026, 5:12 am
India’s finance minister Nirmala Sitharaman told a BRICS meeting that the bloc must ensure its perspective is built into the next round of global tax rules. The comment comes as the OECD‑G20 Inclusive Framework works on a two‑track overhaul – a minimum corporate tax rate and new rules for digital services – that will be finalised over the next few years.
For investors, the outcome could affect the effective tax burden on Indian firms with overseas earnings and on foreign companies operating in India. A framework that favours BRICS positions may lead to lower rates or carve‑out provisions, influencing profit margins and cash‑flow forecasts. Market participants should keep an eye on the progress of the OECD negotiations, any bilateral talks India undertakes with BRICS members, and statements from tax authorities that could signal how the rules will be applied.
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- Category: Economy.
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