Friday, 20 May, 2022
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

YourTurn

PT Pertamina Balongan refinery in Indramayu, Indonesia | Representational image | Bloomberg

Asian refiners to ramp up gasoline exports to US as sky-high prices beckon

In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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