India disagrees with USTR’s report on ecommerce tax

Pic: Shutterstock

India disagrees with the United States Trade Representative (USTR) report that the country’s two for each cent equalisation levy on international e-commerce corporations discriminates towards US corporations, according to Indian commerce secretary Anup Wadhawan, who recently said some nations are protesting as they have huge domination in that form of activity no matter if it is Fb or Google or Amazon.

“We do not agree with that conclusion,” he was quoted as declaring by a information company.

Very last month, an USTR investigation concluded that India’s two for each cent electronic expert services tax on e-commerce provide discriminates towards US providers and is inconsistent with worldwide tax ideas.

“Essentially, if there is an economic profit from a certain jurisdiction then there has to be some taxation in that jurisdiction…OECD [Organisation for Economic Co-operation and Advancement] is also moving in that direction that if you have an economic presence and economic attain, then you need to have taxation in that jurisdiction. You have billions of dollars of revenue in a certain jurisdiction, you have to fork out taxes,” he added.

Fibre2Fashion News Desk (DS)

India disagrees with the US Trade Representative report that the country’s two for each cent equalisation levy on international e-commerce corporations discriminates towards US corporations, according to commerce secretary Anup Wadhawan, who recently said some nations are protesting as they have huge domination in that form of activity no matter if it is Fb or Google or Amazon.