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Govt moves towards introducing taxes the global bigshots

Govt moves towards introducing taxes the global bigshots

As a first step towards a global digital tax, India has introduced an enabling provision which will make an overseas platform that advertises, streams, or sells goods to an Indian IP address taxable in the country. The government will be able to tax revenues of ecommerce firms such as Amazon, Alibaba and Ebay selling goods or services based on data collected from residents and those engaged in targeted advertisements such as Facebook and Google, besides streaming services like Netflix.

 

https://brandequity.economictimes.indiatimes.com/news/digital/govt-weaves-tax-net-for-internets-global-biggies/73997766

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