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India on Thursday said that two per cent equalisation levy (EL) does not discriminate against any US company as it applies equally to all non-resident e-commerc

US says India's digital tax discriminates against American companies The agency finds three issues with India's DST, the first being discrimination against US digital services companies Joe C Mathew | January 7, 2021 | Updated 13:07 IST Indian officials clarify that the EL levied at 2 percent is applicable on non-resident e-commerce operator not having a permanent establishment in India The US administration has accused that India's digital tax - 2 percent equalisation levy on e-commerce supply of services - discriminates against US companies and is inconsistent with prevailing principles of...

Equalisation levy does not discriminate against US firms: India SECTIONS Last Updated: Jan 07, 2021, 08:03 PM IST Share Synopsis In a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of April, 2020, which is the effective date of the levy. Agencies "The levy does not discriminate against any US companies as it applies equally to all non-resident e-commerce operators irrespective of their country of residence," it said. New Delhi: India on Thursday said the two per cent equalisation levy does not discriminate agai...

Michael Devereux, Clemens Fuest, Ben Lockwood The current tax international rules, designed in the 1920s, aimed to reconcile two main objectives: avoiding double taxation and allowing countries to tax multinationals operating in their territories. In a digital world, these rules are not effective in controlling the behaviour of multinational enterprises, which can easily take advantage of differences in corporate tax rates (through what the OECD calls ‘base erosion’ and ‘profit shifting’). Profit shifting can be conducted via transfer prices on intangible assets, such as algorithms or...

INTM489992 - Diverted Profits Tax: imposing a charge – procedure and governance: governance You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Diverted profits governance seeks to take in all tax risks (not only DPT) that arise from arrangements identified as potentially within the scope of the DPT legislation. It is part of HMRC’s wider international governance procedures, including those for transfer pricing. At the risk assessment level there is a process beginning with a risk review aimed at determin...