Looking factually among the next breakout economies, India is the largest pie of the future bread and butter to several large digital ad networks – the Googles and Facebooks of the world – thanks to its more than 277 million Internet users, second only to China and ahead of the US. In fact, it al…
Tag: Google tax
Budget 2017: Internet companies ask for removal of ‘Google tax’
India’s internet companies are raising their voice against the equalization levy also termed ‘Google tax’ that was imposed in last budget even as the finance minister is expected to widen the tax net for such a levy. Internet and Mobile Association of India (IAMAI) which has members s…
‘Google Tax’ detrimental to start-up ecosystem: Experts
The equalisation levy, also known as ‘Google Tax’ which the government is imposing on online advertising revenue by non-resident e-commerce companies earned in India, is expected to adversely affect the startup ecosystem going forward, according to tax experts. The levy which is at 6 …
‘Equalisation Levy’ to create a huge problem for start-ups: Tax lawyer Nishith Desai
As part of the continuing opposition from industry bodies to the ‘Equalisation Levy’ that came into effect earlier this year, the Internet and Mobile Association of India (IAMAI) and law firm Nishith Desai Associates, in a white paper released on Tuesday, said the measure would hurt Indian startu…
‘Google Tax’ to impact start-ups
The equalisation levy or popularly known as ‘Google tax’ which came into effect from June 1 is set to have an impact on the operations of Indian start-ups with higher financial burden and administrative overload. Start-ups which are highly dependent on online platforms like Google, Facebook, Twit…