India seeks amendments to OECD proposition
The proposal on digital taxation, drafted by the Organisation for Economic Cooperation and Development (OECD) would deny India its proper share of taxes from multinationals such as Google, Facebook, Uber and Netflix, which generate substantial revenues locally. Ahead of the meeting of all countries to discuss these rules on November 22nd, the Indian government has sought a more balanced principle for the taxation of such companies based on place of revenue generation.
Commenting on this issue, the organisation IAMAI said “IAMAI observes that the model framework does not distinguish between the different models of e-commerce and thereby, certain suggested provisions are redundant or superfluous for certain business models. The guidelines also go beyond the remit of consumer protection, with suggested provisions that come within the purview of different Ministries/Authorities.”