India is undeterred by the US launching an investigation into its tax on digital transactions, or equalisation levy, covering companies such as Netflix and Amazon, government officials said. The government expects many other countries to adopt the same position, they said.
Australia and New Zealand have already proposed digital taxes and more countries are likely to follow suit, disappointed with the progress on the framework for this at the Organisation for Economic Cooperation and Development (OECD). The US had on Tuesday initiated investigations into 10 nations and blocs including India that have imposed such taxes or are in the process of doing so. They include the UK, Brazil, and the European Union.
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