India disagrees with the United States Trade Representative (USTR) report that the country's 2 per cent equalisation levy on foreign e-commerce firms discriminates against US firms, according to Indian commerce secretary Anup Wadhawan, who recently said some countries are protesting as they have huge domination in that kind of activity whether it is Facebook or Google or Amazon.
"We do not agree with that conclusion," he was quoted as saying by a news agency.India disagrees with the US Trade Representative report that the country's 2 per cent equalisation levy on foreign e-commerce firms discriminates against US firms, according to commerce secretary Anup Wadhawan, who recently said some countries are protesting as they have huge domination in that kind of activity whether it is Facebook or Google or Amazon.#
Last month, an USTR investigation concluded that India's 2 per cent digital services tax on e-commerce supply discriminates against US companies and is inconsistent with international tax principles.
"Basically, if there is an economic benefit from a certain jurisdiction then there has to be some taxation in that jurisdiction...OECD [Organisation for Economic Co-operation and Development] is also moving in that direction that if you have an economic presence and economic gain, then you must have taxation in that jurisdiction. You have billions of dollars of revenue in a certain jurisdiction, you have to pay taxes," he added.
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