Page 4 - Digital Tax
US probe into India's digital tax not a move of aggression, says official
The Indian government has so far not commented officially on the USTR investigation
 "US probe into India's digital tax not a move of aggression, says official")
US says it will probe India, other countries for digital services taxes
Other countries against whom the investigations might be initiated include Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey and the United Kingdom
 "US says it will probe India, other countries for digital services taxes")
Global groups urge India to delay new 2% digital tax amid Covid-19 crisis
From April 1 India imposed a new 2 per cent tax on foreign billings, or transactions where companies take payment abroad for digital services provided in India
 "Global groups urge India to delay new 2% digital tax amid Covid-19 crisis")
Facebook's Mark Zuckerberg wants 'new framework' for digital tax
The digital tax has emerged as a key bone of contention between the US and France
 "Facebook's Mark Zuckerberg wants 'new framework' for digital tax")
Macron, Trump agree to extend talks on France's digital tax: Report
Two presidents agree that 'a trade war that will benefit no one'.
 "Macron, Trump agree to extend talks on France's digital tax: Report")
No consensus on India's concerns over taxing digital firms at OECD meet
This could result in missing the January 2020 deadline set by global peers to finalise structure of the new digital tax on companies like Google, Netflix, Amazon, Facebook and Uber
US urges countries to suspend digital taxes, says wait for OECD agreement
US Trade Representative Robert Lighthizer on Monday released a report slamming France's tax as discriminatory and designed to target American tech giants like Google, Apple, Facebook and Amazon
OECD proposes plan to tax Google, Netflix among other tech giants
Floats consultation paper, seeks comments by Nov 12
 "OECD proposes plan to tax Google, Netflix among other tech giants")
France moves to tax digital giants, urges G7 to find international solution
France's new law aims to plug a taxation gap that has seen some internet heavyweights paying next to nothing in countries where they make huge profits as their legal base is in smaller EU states
Google, Facebook, Twitter, Amazon stare at 30-40% digital tax blow in India
At present, India has the equalization levy framework for limited foreign transaction happening digitally
 "Google, Facebook, Twitter, Amazon stare at 30-40% digital tax blow in India")
OECD BEPS: Consensus eludes on three approaches to tax the digital economy
India is taking a lead on this issue as it seeks to have in place a consensus-based solution by 2020
France to go ahead with its own tax on digital companies next year
France and Germany agreed on a scaled-back version of the tax in a bid to overcome significant opposition to the plan among some of their EU neighbours
 "France to go ahead with its own tax on digital companies next year")
France, Germany aim to keep digital tax alive with new proposal
The new Franco-German proposal, which was first reported by the Financial Times, would still impose a 3 percent levy, but not cover data sales and online platforms
 "France, Germany aim to keep digital tax alive with new proposal")
