Jul 12, 2021 08:10 PM IST
The European Commission said on Monday that it will delay its own planned levy on digital services to focus on the global tax deal, final details of which have to be agreed in October.
- Jun 10, 2021 06:49 PM IST
While the US has finally agreed that tech giants must pay tax in countries where they operate, experts say India’s equalisation levy gives the country a higher share of their profit.
- Jun 02, 2021 09:33 PM IST
'President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies,' US Trade Representative Robert Lighthizer said in a statement.
- Mar 27, 2021 02:36 PM IST
The USTR, in a statement, said it "is proceeding with the public notice and comment process on possible trade actions to preserve procedural options before the conclusion of the statutory one-year time period for completing the investigations."
- Dec 01, 2020 10:28 PM IST
France has sent out notices to companies liable to pay the December installment of the tax and has said the country would immediately seek European Union retaliation if the US went ahead with retaliatory tariffs
- Jul 20, 2020 07:35 PM IST
Following India's levy, the US last month decided to start an investigation under Section 301 of the Trade Act, 1974, into the digital services taxes that have been adopted or were being considered by a number of countries, including India, to 'unfairly' target American tech companies.
- Jul 07, 2020 02:50 PM IST
India in March said all foreign billings for digital services provided in the country would be taxed at 2 percent from April 1, a move that caught US technology firms off guard as they were battling the coronavirus pandemic.
- Feb 14, 2020 12:21 PM IST
The digital tax has emerged as a key bone of contention between the US and France in particular, after Paris imposed its own tax on US digital giants such as Facebook, Google, Amazon and Apple last year.
- Jan 21, 2020 08:03 AM IST
Macron and Trump agreed to hold off on a potential tariffs war until the end of 2020, a French diplomatic source said, and continue negotiations at the Organization for Economic Cooperation and Development (OECD) on the digital tax during that period.
- Mar 12, 2019 07:06 PM IST
The move is likely to be welcomed by digital giants such as Alphabet Inc's Google and Facebook who would have fallen under the scope of the envisaged 3 percent levy.