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27Mar 2025

UGI USER
Current Affairs Digital Economy Digital Tax India Equalisation Levy Global Tax Rules Google Tax India Tax Reform International Trade OECD Framework Trade Deals UPSC 2025 UPSC Economy US India Trade
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India Scraps Google Tax, Signals Trade Deal Intent

Why in the News ? The Indian government has scrapped the equalisation levy on digital ads, easing taxation on global tech firms like Google and Meta. The move aligns with U.S. trade negotiations, amid pressure to reduce tariffs before the April 2 deadline. Equalisation Levy and Its Impact: Introduced in 2016, the equalisation levy imposed …