India’s equalization levy is unfair: USTR2 min read 07 Jan 2021, 12:12 PM IST
USTR said the tax is actionable under US laws which authorise withdrawal of trade concessions or imposing duties on exports from India
USTR identified 119 companies as likely liable under the digital services tax, of which 86, or 72%, were US companies
India promised “appropriate action" after a US Trade Representative (USTR) investigation report said New Delhi’s 2% tax on the digital economy is “unreasonable or discriminatory", potentially attracting withdrawal of US trade concessions or duties on Indian exports. The tax, called equalization levy, came into force in April 2020.
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