Page 3 - Digital Tax

USTR backs action against India's equalisation levy, finds it burdensome

Highlighting the discrimination part, the report said that of the companies that are subjected to India's equalisation levy, 72 per cent are American companies

US slams India, Italy on digital taxes, could impose retaliatory tariffs

Digital services taxes adopted by India, Italy and Turkey discriminate against US companies and are inconsistent with international tax principles, the US Trade Representative's office has said

China regulator says should consider digital data tax for tech firms

"Some third-party platform-like enterprises hold a large amount of users data, just like holding precious mineral mines," science and technology supervision bureau chief said

Canada plans digital tax in 2022 on global tech giants such as FB, Google

The new tax would come into effect on Jan. 1, 2022, and remain in place until a common approach is agreed upon

Biden should clarify US position on digital tax within two months: France

France is pushing its EU partners to prepare an EU digital tax in early 2021

FM calls for consensus on taxing digital firms like Google, Facebook

Some 129 countries are in talks to rework global tax system to make digital firms pay tax regardless of their physical presence or measured profits in a country

Spain's new draft law aims to tax services like Whatsapp based on revenue

Levies would be imposed on instant messaging providers in the same way as it is on telecoms operators, according the draft law published on Friday

France says US blocking global digital tax talks; asks EU to prepare tax

France accused the United States of seeking to undermine international talks to update cross-border taxation for the digital age and urged Europe to prepare an EU tax if the negotiations fail

'Not clear at all': Google tax sends foreign firms looking for answers

There are other unanswered questions such as are foreign banks with users in India liable to pay the tax, called equalisation levy, for charges levied on online transactions?

FM emphasises on consensus-based solution for digital taxation at G-20 meet

The digital taxation assumed significance since the US launched an investigation against various countries including India for levying digital tax on its companies

Google tax row: US technology companies want action against India

IBM, US Chamber of Commerce oppose retaliatory tariffs

Digital strike: US may take trade action against India for Google tax

India imposed the tax in 2016 on all overseas e-commerce transactions originating in India at an additional 2%.

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

Best of BS Opinion: Galwan clash, India's stand on digital tax, and more

Here's a selection of Business Standard opinion pieces for the day

Decoding India's stand on digital tax

Traditional international tax law principles fail to account for the developments in technology that allow businesses to cater to market jurisdictions remotely

India, European nations may soon tax digital firms as US upends global plan

United States pulled out of global talks to put in place a multilateral instrument to bring these companies in the tax net.

France to apply digital tax whether US returns to negotiations or not

Nearly 140 countries have been negotiating the first rewrite of international tax rules in a generation

Why controversy over digital services tax could create a new trade war

The OECD does recognise the need to reform international tax rules for taxation of digital businesses but so far hasn't arrived at a consensus on the scope and manner of taxation

US to probe India's digital tax; it's non-discriminatory, says New Delhi

New Delhi will strongly oppose the move arguing that that its digital tax measures fall within its sovereign rights and are in no way designed to discriminate against US companies.

Top headlines: May Services PMI improves, US to probe India for digital tax

From oil prices hitting a three-month high, May Services PMI improving from shock collapse in April to Google facing class action lawsuit, here are the top headlines of the day