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

US slams India, Italy on digital taxes, could impose retaliatory tariffs
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United statesLeslie adlerDavid lawderAndrea shalalDonald trumpJoe bidenPresident donald trumpPresident elect joeBorder protectionLincoln feastUs trade representativeIndia digital services taxUs governmentUs retaliatory tariffs companiesUs reஒன்றுபட்டது மாநிலங்களில்

US Trade Representative calls India s digital economy tax discriminatory

India’s equalization levy is unfair: USTR Premium 2 min read USTR said the tax is actionable under US laws which authorise withdrawal of trade concessions or imposing duties on exports from India USTR identified 119 companies as likely liable under the digital services tax, of which 86, or 72%, were US companies Share Via Read Full Story India promised “appropriate action after a US Trade Representative (USTR) investigation report said New Delhi’s 2% tax on the digital economy is “unreasonable or discriminatory , potentially attracting withdrawal of US trade concessions or duties on Indian exports. The tax, called equalization levy, came into force in April 2020.

South africaHarsh vardhanNarendra modiRobert lighthizerRasmi ranjan dasUnion healthIncome tax departmentIndia digital services taxMinister narendra modiWestern dedicated freight corridorHealth minister harsh vardhanGuru teg bahadur hospitalDigital services taxTrade actIncome taxJoin mint

Is US trade body s probe undermining India s right to tax digital transactions?

Is US trade body s probe undermining India s right to tax digital transactions? In a recent interaction, revenue secretary Ajay Bhushan Pandey had told BusinessToday.In that India is not taxing any transaction outside India, but if any transaction has happened within India, they can be taxed by Indian parliament Dipak Mondal | January 8, 2021 | Updated 08:21 IST The investigation by the USTR found that the India s digital services tax targets digital services, but not similar services provided non-digitally US Trade Representative (USTR) has found India s 2% equalisation levy on revenue generated from a broad range of digital services offered in India unreasonably contravening international tax principles. But the Indian government s stance on the issue is that it is the sovereign right of the parliament to tax certain transactions if origin of those transactions are from within India.

United statesAjay bhushan pandeyDigital services taxUs trade bodyUs trade representativeUnion revenue secretaryEqualisation levyEqualisation levy indiaIndia digital taxIndia digital services taxIndia dstIndian parliamentBus companiesUs companies in indiaஒன்றுபட்டது மாநிலங்களில்அஜய பூஷன் பாண்டே