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India ditches its 'Google Tax' after US waved a big stick

India will eliminate its equalization levy – a charge imposed on digital services provided by non-resident companies, known as the "Google Tax." The change was announced in Tuesday’s budget, which saw finance minister Nirmala Sitharaman propose [PDF] the levy "shall no longer be applicable on or after 1st August, 2024." "Some stakeholders have raised concerns that the scope of two percent equalization levy is ambiguous and as a result it leads to compliance burden," explained [PDF] a finance bil...

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