Remove tag indian government
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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct. The German government is probing Amazon for purportedly taking advantage of its market position amid the pandemic, CNBC reported.

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Transcript: Jenny Johnson, Franklin Templeton

Barry Ritholtz

You can put those tags in there but still take a professionally managed strategy… RITHOLTZ: Right. Many people say, you know, India grows at night when the government sleeps. I have to say that my observation, when I would be excited by all those statistics, Indians were the most skeptical about India. RITHOLTZ: Right.

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Amazon (And Others) Brace For India’s New eCommerce Tax

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Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government. The jousting over eCommerce taxes — especially for U.S.

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Transcript: John Hope Bryant

Barry Ritholtz

And how is it that you, what’s this car that’s in the parking lot, it’s got plates on it and a tag and it’s brand new. They give you criteria at the state and local level and they give you money, they incentivize you with grant payments from the federal government to meet that criteria. RITHOLTZ: Right.