A- A A+
Last Updated : Sep 26 2020 8:34AM     Screen Reader Access
News Highlights
Bihar Assembly Elections to be held in three phases from October 28; counting of votes on November 10            PM Modi to hold virtual bilateral summit with Sri Lankan counterpart today            Income Tax Dept launches Faceless Income tax Appeals to streamline collection process & check corruption            COVID 19 recovery rate stands at 81.74 %            Funeral of legendary singer SP Balasubrahmanyam to take place with state honours near Chennai today           

National News

Jun 10, 2019
1:40PM

India calls upon G-20 countries to urgently resolve issue of taxing profits made by offshore digital companies

@FinMinIndia
India has called upon the G-20 countries to urgently fix the issue of taxing profits made by digital economy companies in countries where they do not have significant physical presence.

 Finance Minister Nirmala Sitharaman addressed the two-day meeting of the G-20 Finance Ministers and central bank Governors at Fukuoka in Japan yesterday.
 
In a statement, the Finance Ministry said, as offshore digital companies such as Facebook, Google and Netflix have little presence in India, taxing their profits is not possible. This prompted the government to roll out equalization levy as a tax deducted at source on payments made to them by Indian firms with effect from June 2016.

The statement said, the aim is to bring offshore companies with significant economic presence in India into the tax net to address the shortcomings in taxing the digital economy. However, India opposed attempts by developed countries to formulate an e-commerce policy outside the World Trade Organization framework. The meeting of G-20, grouping of developed and developing countries, concluded yesterday.

   Related News

Live Twitter Feed

Listen News

Morning News 25 (Sep) Midday News 25 (Sep) Evening News 25 (Sep) Hourly 26 (Sep) (0610hrs)
समाचार प्रभात 26 (Sep) दोपहर समाचार 25 (Sep) समाचार संध्या 25 (Sep) प्रति घंटा समाचार 26 (Sep) (0600hrs)
Khabarnama (Mor) 25 (Sep) Khabrein(Day) 25 (Sep) Khabrein(Eve) 25 (Sep)
Aaj Savere 26 (Sep) Parikrama 25 (Sep)

Listen Programs

Market Mantra 25 (Sep) Samayki 9 (Aug) Sports Scan 25 (Sep) Spotlight/News Analysis 25 (Sep) Employment News 25 (Sep) World News 25 (Sep) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 25 (Sep) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 26 (Sep) North East Diary 24 (Sep)