Page 3 - Digital Tax

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

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 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

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

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

Macron, Trump agree to extend talks on France's digital tax: Report

Two presidents agree that 'a trade war that will benefit no one'.

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

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