Source: BS Context: US President Donald Trump has threatened additional tariffs on countries imposing Digital Services Taxes (DSTs) on American tech giants, calling them discriminatory. About Digital Services Taxes (DSTs): What it is? A gross-revenue tax (not corporate income tax) levied on specific digital services like online advertising, digital marketplaces, intermediation, and sale of user …
Source: BS Context: The government has proposed abolishing the 6% Equalisation Levy on online advertisements from April 1, 2025, through amendments in the Finance Bill 2025, benefiting platforms like Google, Meta, and X. About Equalisation Levy: What it is: A tax imposed on non-resident digital service providers for services related to online advertisements and e-commerce …
Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment Q5. Evaluate the significance of India’s decision to abolish the Equalisation Levy in the context of global digital taxation frameworks. What challenges may arise from this shift, and what measures should India adopt to ensure revenue stability? (15 M) Difficulty …
