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Investigation into India’s digital services tax, not aggression says US
- Wednesday | 3rd June, 2020
NEW DELHI (Reuters) – The US government’s move to launch a trade investigation into a digital services tax adopted by several countries including India should not be construed as a move of aggression against New Delhi, a senior Indian government source said on Wednesday. India’s trade ministry did not immediately respond to an emailed request from Reuters for a comment. From April 1, India imposed a new 2% tax on foreign billings, or transactions where companies take payment abroad for digital services provided in India. The tax also applies to foreign e-commerce transactions on sites such as Amazon.com. The tax is also levied on advertising revenue earned by companies overseas if those ads eventually target customers in India.
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