India starts its own ‘Google Tax’ from today
Starting today, India has started an equalisation levy, popularly known as the “Google Tax”, to tax payments made by Indian establishments for online advertising on international companies such as Google, Facebook, Twitter and Yahoo. However, unlike its international precedents in the UK and Australia, India’s new levy is its own homegrown solution to get its share of the revenues of global Internet companies.
The move aims to indirectly tax global Internet companies who profit from Indian advertisers but cannot be taxed under current Indian laws since they are not registered in the country. Read more…
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