The office of the United States Trade Representative (USTR) is initiating investigations into taxes adopted or under consideration by 10 nations, including India, on revenues of American digital service companies like Netflix, Airbnb, Uber, LinkedIn and Spotify.
Context
The office of the United States Trade Representative (USTR) is initiating investigations into taxes adopted or under consideration by 10 nations, including India, on revenues of American digital service companies like Netflix, Airbnb, Uber, LinkedIn and Spotify.
About
About Section 31 Report:
What is United States Trade Representative (USTR)?
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India’s case
US’s concern
Impact on India
In the current economic environment, clearly, the 301 announcement is not good news for India.
Verifying, please be patient.