Countries agree to extend digital services tax freeze through 2024More than 140 countries were supposed to start implementing next year a 2021 deal overhauling decades-old rules on how governments tax mult...
12 Jul, 2023, 01.23 PM IST
Why India should not adhere to the proposed global rules on digital taxNow, a new tax regime is being developed by OECD Inclusive Framework (IF). Exclusively for this new tax regime, the country of market (CoM)...
26 Jun, 2023, 12.32 AM IST
Multinationals want clarity on scope of equalisation levy after OECD dealIn 2020, the government had expanded the scope of the equalisation levy in a bid to tax internet giants' digital advertising revenues from ...
17 Oct, 2021, 07.42 AM IST
India will have to scrap "digital permanent establishment" rules post global tax deal“If India wants to accept OECD’s tax deal, all unilateral measures like equalisation levy, and SEP must go, as countries can’t have it both...
12 Oct, 2021, 09.29 AM IST
OECD fixes minimum tax of 15% on MNCs from 2023A milestone global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has finally bee...
09 Oct, 2021, 12.28 AM IST
Digital taxation proposal: Why it's complicated and not good for IndiaUnder the OECD proposal, an MNC will be subject to tax in a CoM if it sells physical as well as digital goods and services in a country, wi...
22 Aug, 2021, 11.31 PM IST
Debate heats up over how countries tax Big Tech companiesThere's a mid-year deadline for talks on a global deal that aims to defuse trade disputes with France and other countries that are imposing...
27 Jan, 2021, 06.18 PM IST
Digital tax on US multinationals: Joe Biden election adds to the twistUnder the Base Erosion and Profit Shifting (BEPS) framework, large economies—barring the US—have come together to tax the global income of ...
10 Nov, 2020, 08.01 PM IST
A tax based on IP address is creating a fair amount of controversyThere is a need to ensure fair taxation of digital businesses but an attempt to unilaterally tax such businesses without a consensus betwee...
09 Nov, 2020, 10.56 AM IST
Government reaches out to MNCs over global digital taxIndia would be required to submit its suggestions to the OECD in December and wants companies to point out if there are any issues relating...
04 Nov, 2020, 07.02 AM IST
Global tax war ahead: After no consensus in OECD; Facebook, Google, Amazon, LinkedIn could face domestic taxesOECD was expected to come out with a common tax framework by December this year, now it's expected to do so mid-next year. This could mean ...
14 Oct, 2020, 05.26 PM IST
Collapse of global tax talks could cost $100 bln, OECD saysIn the absence of a new international rulebook, a growing number of governments are planning their own digital services taxes, which has pr...
12 Oct, 2020, 03.38 PM IST
Tax on digital transactions: Discussions or a stalemate with the European Union?India isn't alone in levying tax on digital transactions. With talks at the OECD on a global deal making little headway, a number of countr...
19 Jul, 2020, 11.49 PM IST
India wants fair share of $100 billion global taxes from Google, FacebookWith a hope of getting larger chunk of $100 billion in global taxes to be paid by digital companies, India is pushing that number of users ...
27 Feb, 2020, 09.07 AM IST
Facebook's Zuckerberg wants 'new framework' for digital taxWashington has slammed the move as discriminatory, but both sides agreed last month to pursue a global framework under the aegis of the Org...
14 Feb, 2020, 12.29 PM IST
France rejects 'optional' US digital tax proposalFrance has been at the forefront of efforts to tighten taxation of digital giants and parliament infuriated the administration of President...
06 Dec, 2019, 11.05 PM IST
Govts may get more power to tax MNCs like Google, FacebookA global push by OECD to bring these digital giants under the ambit of local taxes.
10 Oct, 2019, 08.23 AM IST