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gk today magazine subscription Published this article page no  109 In the ASEAN region Singapore Indonesia and Malaysia impose a digital service tax with Thailand announcing forthcoming plans to tax its foreign digital service providers. Why the United States Trade Representative (USTR) says that this tax is discriminatory? 1. First it states that the DST discriminates against US digital businesses because it specifically excludes from its ambit domestic (Indian) digital businesses. 2. USTR also says the DST is discriminatory because it does not extend to identical services provided by nondigital service providers. Why India says Digital services tax is not discriminatory? And why is it needed? Business models employed by nonresident digital service providers obviate the need for a physical presence in India and profits earned here could easily escape the Indian income tax net. Hence this kind of taxation is necessary. Changing International Economic Order Countries such as India which provide large markets for digital corporations seek a greater right to tax incomes. Associated Concerns 1. Eventually the tax may become a burden for Digital Consumers. 2. It could invite retaliatory tariffs (such as the latest one) as similar tariffs were imposed by the US on France. 3. It would also result in double taxation. Did you know? In October 2021 G20 countries approved a global deal to adopt a 15 per cent minimum corporate tax and reallocate taxing rights for large profitable multinational enterprises (MNEs) to countries where they sell products and services. Insta Curious 1. Think! For clarity on concepts In B2B transactions where the Service Provider is outside India and the Service Receiver is inside India who is the liable entity for tax? Read Here. 2. Have you heard of the Trade Watch Report by the World Bank? Read Here. InstaLinks Prelims Link 1. About the equalization levy. 2. Applicability. 3. Exceptions. 4. Other countries with similar taxes. 5. About OECD. Mains Link Discuss the issues associated with the implementation of equalization levy. 7. Raising the age of consent in the Philippines Context The Philippines has raised its age of sexual consent from 12 years to 16 years. The law is genderneutral and applies to both male and female children and offenders. Until now it had one of the lowest ages of consent in the world with roughly one in five children experiencing sexual violence. What is the age of consent in India? In India The Protection of Children from Sexual Offences Act 2012 defines a child as anyone below 18 years of age and hence engaging in sexual activity with a child is considered sexual assault. The demand for the review of age of consent in India59The fact remains that many of the cases of sexual assault reported to the police (under the Pocso Act and other laws) dealing with the 1618 yearsold children are consensual in nature and are generally reported at the behest of girls parents who disapprove of the teenagers conduct gk today magazine subscription buy.

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