US Warns India Collecting Google tax May Lead to Retaliation: NetEase Technology News, April 29, according to Indian media reports, the United States has issued a warning that India imposed a 6% equilibrium tax on foreign online advertising platforms, which may cause damage to India ’s overseas trade and increase the Indian company ’s business activities abroad. The risk of retaliation in the host country. The United States claims that India violates internationally recognized principles and adopts
The latest report on US trade barriers also pointed out that India’s digital tradedouble taxation
The latest report on US trade barriers also pointed out that India’s digital trade has a series of problems, such as data localization requirements, restrictions on cross-border data flow, expansion of forced transfer of intellectual property rights, and preferential treatment of domestic digital products. Washington “strongly recommends that India reconsider these policies.
The US government claims that the imposition of a balanced tax
The US government claims that the imposition of a balanced tax, or the so-called “Google tax”, is a change to internationally recognized principles. The digital taxation mechanism should be established on a multilateral basis and not double taxation. Must Read: AMD: Ryzen will continue to add cores as long as the software can keep up
In 2016, India imposed an online advertising tax on companies such as Google, Facebook, and Netflix, or the equilibrium tax. This year, India expanded its scope to all cross-border e-commerce transactions originating in India. Must Read:
US Warns India Collecting Google tax May Lead to Retaliation: The US stated that the foreign investment restriction policy in the Indian e-commerce industry has limited the ability of many e-commerce companies to serve the Indian market. India allows foreign e-commerce to engage in B2B business, but prohibits foreign e-commerce from engaging in retail business directly facing consumers or based on inventory.
The United States claims to have actively pursued bilateral
US Warns India Collecting Google tax May Lead to Retaliation: The United States claims to have actively pursued bilateral and multilateral opportunities to increase access to the Indian market, but U.S. exporters continue to encounter severe tariff and non-tariff barriers that prevent U.S. products from entering India, especially dairy products, poultry and high-end professional equipment.
In order to resolve the trade disputes between the two sides, the two countries have started negotiations for more than a year.