The subject of how to tax the digital economy and the relevance of the existing global tax rules has long been a concern.
The USD 255 billion Chinese group and Paytm have already invested together to build a dominant mobile-wallet payment business, now worth around USD 5 billion. Their smaller e-commerce unit is now being separated out to meet Indian regulations.
For the first time, global tech giants Google and Microsoft have agreed to tighten up their search engines as part of a crackdown on piracy sites illegally streaming events and films.
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