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Thursday, 04 February 2021 12:08

India refutes discrimination charges against American companies

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India’s commerce secretary Anup Wadhwan said, India does not agree with the United State Trade Representative’s report that accuses it of discriminating against American company by levying a two per cent equalization tax on foreign e-commerce firms. As per Economic Times, last month, an USTR investigation accused India of discriminating against the US companies by levying a 2 per cent digital services tax on e-commerce supply and being inconsistent with international tax principles.

Wadhwan said, jurisdiction that offers economic benefit needs to be taxed. He added that the OECD (Organisation for Economic Co-operation and Development) is also moving in the same direction.