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Phrase of the Day (be on the anvil)-31JAN23

Phrase of the Day (be on the anvil)-31JAN23

Today’s “Phrase of the Day” is “be on the anvil” and it is a phrase meaning “in a state/condition of discussion (not implemented); being discussed or prepared but it is not yet completed to be put into action”.

Example Sentence: Two major tax direct changes are on the anvil — adoption of global minimum tax as proposed under Pillar 2 of the G20/ OECD proposals and the harmonization of the capital gains tax regime. The Union Budget needs to articulate their roll-out. In addition, it could propose tax initiatives for financing of India’s climate and sustainability goals and enabling efficiency for start-ups issuing stock options.

This phrase is present in A pragmatic and predictable tax regime, to help energise India’s growth ambition and click here to read it.

Courtesy: The Hindu

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