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India’s equalisation levy of 6 per cent on online advertisement services provided by non-resident entities could come under scrutiny from the United States (US), with President Donald Trump threatening retaliatory action against countries imposing extraterritorial taxes that disproportionately impact American companies.“The Secretary of the Treasury, in consultation with the United States Trade Representative, shall investigate whether any foreign countries are non-compliant with any tax treaty with the United States, or have tax rules in place, or likely to be introduced, that are extraterritorial or disproportionately affect American companies,” stated a presidential memorandum signed by President Donald Trump.
The story "India's 6% equalisation levy on ads may face US scrutiny under Trump memo" has 115 words across 3 sentences, which will take approximately 1 minutes for the average person to read.
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The story "India's 6% equalisation levy on ads may face US scrutiny under Trump memo" was covered 5 hours ago by Business Standard, a news publisher based in India.
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The outlet is headquartered in India and publishes an average of 329 news stories per day.
It's most recent story was published 2 hours ago.
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