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Sunday, November 3, 2024
TopicDigital tax

Topic: digital tax

US temporarily suspends additional tariffs on India, 5 other countries over digital tax issue

US had last March proposed retaliatory trade actions against India and other countries that imposed or were considering equalisation levy/digital services tax on e-commerce firms.

India’s digital tax is discriminatory but won’t retaliate now, US says

The office of the US Trade Representative said the taxes are 'inconsistent with prevailing principles of international taxation, and burden or restricts U.S. commerce.'

Equalisation levy 2020 — looking at India’s digital tax

There is a need for issuing clarifications on the levy in order to avoid taxing unintended business and narrow its scope.

US poised to hit India, Italy, Austria with retaliatory tariffs for digital tax

Determinations on the 3 countries are due because all of them have instituted so-called digital services taxes — or levies on local sales of companies such as Google — this year.

US probes digital services tax imposed by India & others, could hit back with tariffs

The move seeks to determine whether taxes on e-commerce discriminate against American tech giants like Apple, Google and Amazon.com.

Taxes without borders: Govt revises tax on digital transactions, but ambiguities remain

The expanded levy could address the drop in government revenues due to Covid, but the govt must clarify its applicability and enforcement mechanisms.

Governments must not shy away from taxing Google & Facebook for your personal data

The question is how digital taxes will work, and so far, the Czech Republic appears to have the best idea.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.