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Govt May Tweak 2% Equalisation Levy To Provide Relief To Local Traders


Govt may tweak 2% equalisation levy to provide relief to local traders
Experts believe the levy could lead to double taxation burden in cases where both the buyer and seller are resident Indians but carry out the transaction on a non-resident ecommerce portal such as Amazon.
February 15, 2021 / 02:28 PM IST
The Central Board of Direct Taxes (CBDT) may tweak the equalisation levy imposed on the sale of goods or services carried out using a non-resident e-commerce operator.
Currently, a levy of 2 percent is paid by non-resident e-commerce operators on the gross amount of the transaction. However, experts believe the imposition of a levy results in double taxation in cases where the buyer and the seller are both resident Indians but carry out a transaction using a non-resident e-commerce platform like Amazon. ....

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CNN CNN Newsroom with Poppy Harlow and Jim Sciutto August 29, 2019 13:31:00

He s asking them to please stay with me a little longer, i m going to deliver a deal. he must deliver a deal. when you talk to trump supporters, farmers in particular they believe there needed to be a fight with china, there needed to be some sort of equalization in the tariffs economic in and out. i also hear concern from farmers about trade with china as well but mexico and canada. so i think he s got multiple problems in multiple fronts and the pressure will only increase as the election gets closer. he knows that. the reworked nafta deal hasn t passed congress and, where the real question is whether that will. the wall street journal was reporting that the epa will reportedly announce a roll back in regulations on methane emissions. methane, of course, a contributor to climate change. part of a broader real assault by this administration here. is that an economic motivation ....

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Detailed text transcripts for TV channel - CNN - 20190807:05:22:00

Before and unfortunately we need you now more than ever. christian, you were in that world. you got out of it. the relevant part of the story is to understand what s going on in that community. why are we seeing an uptick not just in murders, but activity, local organizing, online chat groups. what is going onto your understanding? i think we have a significant part of the american population who is feeling like an equalization, it s starting to feel like oppression to them. they re wrong. there is no great replacement. there is no white genocide happening. these are all tropes that have been happening for centuries. and they re keying in on these things now because of the words, you know, in part from a president who has a responsibility to measure his words in these cases. ....

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Detailed text transcripts for TV channel - CNN - 20190807:01:20:00

Who is feeling like an equalization, it s starting to feel like oppression to them. they re wrong. there is no great replacement. there is no white genocide happening. these are all tropes that have been happening for centuries. and they re keying in on these things now because of the words, you know, in part from a president who has a responsibility to measure his words in these cases. because we ve seen do you believe what he says resonates with them? because his defenders will say, no, they hate him. they believe he s not for the white community enough. do you believe that? listen, chris, i m intimate with words like the ones that the president used. 30 years ago, i wrote lyrics that i put out into the world. i got out 23 years ago. in 2015, those lyrics resurfaced in a post of dylann roof. ....

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