💨 Abstract

India plans to abolish a 6% equalisation levy on online services, including advertising, affecting U.S. tech giants, as part of Finance Bill 2025 amendments. This move is aimed at addressing concerns raised by the U.S. and easing trade tensions. The parliament is expected to approve the changes this week. A U.S. delegation is in India for talks with Indian officials.

Courtesy: theprint.in

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