India, European nations may soon tax digital firms as US upends global plan

India and European countries may soon begin to unilaterally impose tax on digital companies, including Facebook, Google, and Netflix, after the United States pulled out of global talks to put in place a multilateral instrument to bring these companies in the tax net. Though the negotiations will continue under the Organization for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting(BEPS) framework, government officials pointed out these talks would not be meaningful without the US’ participation. Hence, India may start to work on expanding the scope of equ.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.