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Showing posts from March, 2021

America's dual policy:Many countries of the world, including Britain and France, charge Digital Service Tax, but America's decision buoyed by the decision of India.

  Many countries of the world, including France and Britain, collect Digital Service Tax (DST) from foreign digital service providers.  India has also started imposing DST on foreign companies.  These companies, doing business of billions of dollars, were taking all the profits to their country.  However, the US has been dwarfed by India's DST initiative.  The US President Joe Biden's administration is calling it more biased against its interests. Brazil and the European Union have also prepared a research report to deal with this  in preparation for the DST,  with the US Congress debating the DST and then turning it into law.  The Congress Research Service's report US Trade Representative (USTR) examined the DST imposed in some countries of the world.  It showed that apart from India, there are many countries including France, Indonesia, Italy, Spain, Turkey and Britain which take DST.  Brazil, the Czech Republic and the European Union ...