Page 2 - Digital Tax
Digital tax row: US suspends additional tariffs on India, 5 other countries
USTR Katherine Tai, in a statement, announced the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey and the UK
 "Digital tax row: US suspends additional tariffs on India, 5 other countries")
US sets and suspends tariffs on six countries over digital taxes
The US Trade Representative's office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria
 "US sets and suspends tariffs on six countries over digital taxes")
India notifies digital tax threshold of Rs 2 crore and 300,000 users
This is part of the Significant Economic Presence (SEP) principle, which was introduced in the Finance Bill 2018-19
 "India notifies digital tax threshold of Rs 2 crore and 300,000 users")
Digital Tax: India may oppose Biden govt move to tax only top 100 cos
The latest proposal by Washington, shared with 130 countries, aims to tax only those entities with a global revenue of $20 bn and is not limited to digital players
Making of Bidenomics
The idea of a global minimum tax rate has merits
 "Making of Bidenomics")
US trade chief readies tariffs against six countries over digital taxes
The taxes target in-country revenues of digital services platforms, such as Facebook, Google, and Amazon.com
 "US trade chief readies tariffs against six countries over digital taxes")
Finance Bill gives relief on digital tax, provident fund threshold
Tax breaks for DFIs; way for LIC listing cleared
 "Finance Bill gives relief on digital tax, provident fund threshold")
Biden admin removes stumbling block to global deal on digital tax
On Friday, Yellen said at a meeting of G-20 finance ministers that the US "is no longer advocating for safe harbour implementation", a US Treasury official told the Financial Times
 "Biden admin removes stumbling block to global deal on digital tax")
Top headlines: Digital tax proposal may end up in court, Ruia's faith
Amit Shah said the process of granting Indian citizenship to refugees under the CAA, will begin once the process of Covid-19 vaccination has ended. Read top stories with Business Standard
 "Top headlines: Digital tax proposal may end up in court, Ruia's faith")
Budget 2021-22 proposal on digital tax likely to land up in court
Foreign players in a fix as they will now come under levy's ambit
 "Budget 2021-22 proposal on digital tax likely to land up in court")
Digital Service Taxes discriminates against US firms: Trade Department
The US Trade Representative on Thursday said that the Digital Service Taxes (DSTs) discriminates against American companies.
 "Digital Service Taxes discriminates against US firms: Trade Department")
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
 "USTR backs action against India's equalisation levy, finds it burdensome")
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
 "US slams India, Italy on digital taxes, could impose retaliatory tariffs")
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
 "Canada plans digital tax in 2022 on global tech giants such as FB, Google")
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
 "Biden should clarify US position on digital tax within two months: France")
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
 "FM calls for consensus on taxing digital firms like Google, Facebook")
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?
 "'Not clear at all': Google tax sends foreign firms looking for answers")
