‘Google tax’ could draw reprisal, US cautions India
US also marked a slew of issues in India’s digital trade including those in the ecommerce policy.
Why taxing global tech cos including Google, Facebook, Tiktok and Neflix is easier said than done!
The tax is on global companies that offer ...
E-commerce firms seek clarity on equalisation levy
They also suggested that the levy should not be imposed on services or goods that are exec...
Govt dismisses report that proposes to tax the rich, says it is "ill-conceived"
“It is unequivocally stated that CBDT (Central Board of Direct Taxes) never asked IRS Association or these officers to prepare such a report,” CBDT said in a statement.
Funding coronavirus fight: Tax officers suggest 40% super-rich tax, pandemic cess, higher levy on MNCs
Tax officers have suggested a 40% tax on super-rich as well as higher levy on foreign companies.
FM Nirmala Sitharaman sets Rs 15 lakh income cap to tax NRIs
Govt has decided to tax only the income generated by NRIs from the biz in India, leaving their global incomes.
View: The tax matter India must not cede ground on
This should have been basic logic: MNCs must pay their share of tax in every market where they make a profit.
Government weaves tax net for internet’s global biggies
India has introduced a system that will make an overseas platform that advertises to an Indian IP address taxable.
Google tax may be broadened to cover non-digital MNCs
The govt's move to tax non-MNC's could mean any company that merely sells goods or services in India could see domestic taxes of up to 42% on their profits.
Digital tax on MNCs: India seeks changes in OECD math
The government wants a more balanced principle for the taxation based on place of revenue generation.
I-T department seeks industry views on taxing overseas online companies
I-T department today sought industry views on the revenue and user thresholds to determine if they have 'significant economic presence' in the country.
Google Tax could soon make even downloading apps on your smartphone a costly affair!
While the Google tax is 6%, the actual burden could be about 7-8%, mainly due to the grossing up of taxes. Currently, it is applicable only on online ads.
Apple, Netflix, Microsoft, Amazon and IBM may have to pay 'Google Tax' in India
Cloud computing companies and content providers may be needed to pay equalisation levy on their revenue from the next financial year.
'Google Tax' detrimental to startup ecosystem: Experts
Experts feel that the levy could be increased to 8 per cent from the present 6 per cent along with the scope, which could be exacerbated when GST becomes applicable.
India finds a new way to tax Google, Facebook
Local servers will bring them in India’s tax ambit as they could be treated as permanent entities.
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