New Delhi will likely approach the United States Trade Representative (USTR<\/a>) with a request to drop the proposed ‘retaliatory’ taxes, or tariffs, applicable to shipments of some Indian products to the US. 这几天前,美国贸易代表办公室提出一个报复性贸易行动——高达25%的关税,印度香米,海洋食品和黄金——对印度实施平衡征税某些美国公司。 新德里将方法美国贸易代表(美国贸易代表办公室)要求提出的“报复”税收下降,或关税,适用于一些印度产品的出货量。
This comes days after the USTR<\/a> proposed a retaliatory trade action — of up to 25% tariffs on basmati rice, sea foods and gold — against India for imposing equalisation levy<\/a> on certain American companies.
The US has objected to India unilaterally slapping an equalisation levy<\/a> of 2% on digital transactions<\/a> of multinationals<\/a> that are outside the ambit of tax treaties.
American companies including Google<\/a>, Facebook, Amazon and Apple are the most affected by India’s equalisation levy.
“In January, we found that the DSTs (digital service taxes) adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom were subject to action under Section 301 because they discriminated against U.S. digital companies, were inconsistent with principles of international taxation, and burdened U.S. companies,” the USTR said earlier in a statement.
The government this year has expanded the scope of the equalisation levy—imposed on cross border digital transactions<\/a> in 2016 in a bid to tax internet giants' digital advertising revenues from India—to include any purchase by an Indian or India-based entity through an overseas ecommerce platform.
USTR estimates that India earned $55 million through levying the new equalisation levy at 2%.
Estimates vary
<\/strong>
Industry trackers in India do not agree with this figure and said that the actual collections could be at least four to five times the USTR estimate.
“What is surprising is the estimate of the DST<\/a> to be collected by India as per the USTR. If this is indeed a correct estimate, it doesn’t even need any action from the US since it is inconsequential in the scheme of things. Again, for India the tariffs on certain exports is not as much about the immediate impact but how this could set a precedent should the estimate by USTR change based on actual collections of the equalisation levy at a later point.” said Ajay Rotti, Partner, Dhruva Advisor.
India’s addition to equalisation levy is also set to impact several multinationals<\/a> besides the digital majors.
ET had on March 27 written that even physical goods<\/a> including laptops to automobile and heavy industrial equipment to packaged goods - everything imported into India by subsidiaries of foreign companies - could attract equalisation levy after a recent amendment to the finance bill.
The government recently said that only companies that have a permanent establishment in India would be outside the gamut of equalisation levy—a 2% tax applicable on gross revenue.
The OECD<\/a>’s (Organisation for Economic Co-operation and Development) plan to tax large corporations across jurisdictions could have a new twist after the election of Joe Biden as president.
The important question is whether the US would change its stand on the issue, say experts.
Under the Base Erosion and Profit Shifting (BEPS) framework, large economies—barring the US—have come together to tax the global income of digital companies.
The US had refused to be part of BEPS claiming that it largely targets American multinationals such as Apple, Amazon, Facebook and Google<\/a>.
OECD<\/a> had been trying to bring large economies on one page under the BEPS framework.
The issue, say industry trackers, could involve a sum upwards of $ 100 billion.
Most of the large digital giants have created a maze of companies across the world as part of their tax planning. This also means that they don’t pay domestic taxes in several jurisdictions as per the liking of the local governments.
ET on October 13 wrote that Google, Facebook, Amazon, LinkedIn<\/a> and Netflix could face larger domestic tax liability after OECD postponed a common tax framework for global economies, a move that will allow countries like India to go ahead with their own plans to tax the digital giants.
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印度跟美国放弃由平衡征收报复性关税启动
这几天后美国贸易代表办公室提出了报复性贸易行动——印度香米,高达25%的关税——对印度实施海洋食品和黄金平衡税对某些美国公司。
美国反对印度单方面拍打平衡税2%的数字交易的跨国公司税收条约的范围之外。
美国公司包括谷歌、Facebook、亚马逊和苹果是最受印度影响平衡税。
政府今年扩大跨境平衡对向的范围数字交易2016年为了税收互联网巨头的数字广告收入来自印度包括任何购买印度或印度实体通过一个海外电子商务平台。
美国贸易代表办公室估计,印度通过征收了5500万美元的新平衡税为2%。
估计
行业追踪器在印度不同意这个数字,表示实际的集合可能是美国贸易代表办公室估计至少四到五倍。
“令人惊讶的是估计的DST根据美国贸易代表办公室收集由印度。如果这确实是一个正确的估计,它甚至不需要我们的任何行动计划的因为它是无关紧要的事情。再次对印度某些出口产品关税不一样的直接影响,但如何能够设定一个先例应该由美国贸易代表办公室变化估计基于实际平衡利维在稍后的点的集合。”Ajay深受说,伙伴,Dhruva顾问。
印度除了平衡税也将影响数跨国公司除了电子专业。
等了3月27日,即使写的实体产品包括笔记本电脑,汽车和重型工业设备包装商品,所有进口到印度子公司的外国公司——可能会吸引平衡levy最近财政法案修正案。
政府最近表示,只有公司在印度建立一个永久的将外部的平衡在总收入适用征收2%的税。
的经济合作与发展组织(经济合作与发展组织)的税收计划各法域的大公司可以有一个新的转折后,乔•拜登(Joe Biden)当选总统。
重要的问题是,美国是否会改变其站在这个问题上,专家说。
基础下侵蚀和利润转移(易暴食组)框架,大economies-barring我们一起数码公司的全球收入征税。
美国拒绝成为易暴食组声称它主要目标的一部分美国跨国公司如苹果、亚马逊、Facebook和谷歌。
经济合作与发展组织一直试图把大型经济体易暴食组框架下在一个页面上。
isuppli表示,这个问题可能涉及金额高达1000亿美元。
多数大型数码巨头已经创建了一个迷宫世界各地的公司作为他们的税收计划的一部分。这也意味着,他们不付国内的税在某些司法辖区按照喜欢的地方政府。
等10月13日写道,谷歌、Facebook、亚马逊、LinkedIn经合组织和Netflix可能面临更大的国内纳税义务后推迟了共同为全球经济税收框架,此举将允许印度这样的国家继续自己的税收数字巨头的计划。
读到
New Delhi will likely approach the United States Trade Representative (USTR<\/a>) with a request to drop the proposed ‘retaliatory’ taxes, or tariffs, applicable to shipments of some Indian products to the US.
This comes days after the USTR<\/a> proposed a retaliatory trade action — of up to 25% tariffs on basmati rice, sea foods and gold — against India for imposing equalisation levy<\/a> on certain American companies.
The US has objected to India unilaterally slapping an equalisation levy<\/a> of 2% on digital transactions<\/a> of multinationals<\/a> that are outside the ambit of tax treaties.
American companies including Google<\/a>, Facebook, Amazon and Apple are the most affected by India’s equalisation levy.
“In January, we found that the DSTs (digital service taxes) adopted by Austria, India, Italy, Spain, Turkey, and the United Kingdom were subject to action under Section 301 because they discriminated against U.S. digital companies, were inconsistent with principles of international taxation, and burdened U.S. companies,” the USTR said earlier in a statement.
The government this year has expanded the scope of the equalisation levy—imposed on cross border digital transactions<\/a> in 2016 in a bid to tax internet giants' digital advertising revenues from India—to include any purchase by an Indian or India-based entity through an overseas ecommerce platform.
USTR estimates that India earned $55 million through levying the new equalisation levy at 2%.
Estimates vary
<\/strong>
Industry trackers in India do not agree with this figure and said that the actual collections could be at least four to five times the USTR estimate.
“What is surprising is the estimate of the DST<\/a> to be collected by India as per the USTR. If this is indeed a correct estimate, it doesn’t even need any action from the US since it is inconsequential in the scheme of things. Again, for India the tariffs on certain exports is not as much about the immediate impact but how this could set a precedent should the estimate by USTR change based on actual collections of the equalisation levy at a later point.” said Ajay Rotti, Partner, Dhruva Advisor.
India’s addition to equalisation levy is also set to impact several multinationals<\/a> besides the digital majors.
ET had on March 27 written that even physical goods<\/a> including laptops to automobile and heavy industrial equipment to packaged goods - everything imported into India by subsidiaries of foreign companies - could attract equalisation levy after a recent amendment to the finance bill.
The government recently said that only companies that have a permanent establishment in India would be outside the gamut of equalisation levy—a 2% tax applicable on gross revenue.
The OECD<\/a>’s (Organisation for Economic Co-operation and Development) plan to tax large corporations across jurisdictions could have a new twist after the election of Joe Biden as president.
The important question is whether the US would change its stand on the issue, say experts.
Under the Base Erosion and Profit Shifting (BEPS) framework, large economies—barring the US—have come together to tax the global income of digital companies.
The US had refused to be part of BEPS claiming that it largely targets American multinationals such as Apple, Amazon, Facebook and Google<\/a>.
OECD<\/a> had been trying to bring large economies on one page under the BEPS framework.
The issue, say industry trackers, could involve a sum upwards of $ 100 billion.
Most of the large digital giants have created a maze of companies across the world as part of their tax planning. This also means that they don’t pay domestic taxes in several jurisdictions as per the liking of the local governments.
ET on October 13 wrote that Google, Facebook, Amazon, LinkedIn<\/a> and Netflix could face larger domestic tax liability after OECD postponed a common tax framework for global economies, a move that will allow countries like India to go ahead with their own plans to tax the digital giants.
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