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What is the Google Tax in India?

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Over the past two weeks, the term “Google Tax” has picked up mainstream relevance in India.

For a long time, big foreign companies such as Google, Amazon, Facebook, Apple, Starbucks etc. managed to pay less corporate taxes in some geographies by pursuing the controversial tax-avoidance trick of diverting their profits or royalties to other, low-tax jurisdictions (aka tax havens).

It is this discrepancy that a Google Tax seeks to compensate.

As of today, more than two dozen countries have implemented or announced intentions to implement a digital tax on big tech companies.

But doing so is easier said than done. Because, USA. Being the HQ of the biggest tech companies, the US has responded to moves to impose such digital levies with heavy-handed threats to impose retaliatory measures.

Click link to read more about the Google Tax: https://transfin.in/what-is-the-google-tax-in-india

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