Friday 28 June 2024

US, India Extend Digital Tax Truce to June 30 as Deadline Approaches

The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google and Microsoft.

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