A lobby group representing US technology giants has said its members are not yet ready to make the first payment of the country's digital tax due this week, urging New Delhi to defer the move. India in March said all foreign billings for digital services provided in the country would be taxed at 2% from April 1, a move that caught US technology firms off guard as they were battling the coronavirus pandemic. The tax applies on e-commerce transactions on websites such as Amazon.com. Google in particular has been worried as the tax applies on advertising revenue earned ...
US firms say not ready to pay digital tax, urge India to defer move
The tax applies on e-commerce transactions on websites such as Amazon.com
Topics
US firms | digital tax | e-commerce policy
Reuters |
First Published: Tue, July 07 2020. 17:30 IST
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