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

PYMNTS

With those mandates, the Indian government said that online marketplaces can no longer enter into such third-party deals, or have a single vendor supply more than a quarter of inventory across a given product. The new tax would come on top of recent changes to eCommerce’s structure, which came into effect at the beginning of 2019.

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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. Where’s the Indian version of that? Check casher, next to a payday loan lender, next to a rent-to-own store, next to a title lender, next to a liquor store, next to a pawn shop.