Digital Tariff Waiver Costs India, 5 Other Nations $10 Bn
Mail Today|July 18, 2020
WTO pact of 1998 poses hurdle
Joe C Mathew
Digital Tariff Waiver Costs India, 5 Other Nations $10 Bn

A reasearch paper published by the United Nations Conference on Trade and Development (UNCTAD) suggests that the developing country members of the World Trade Organisation (WTO) may be losing about $10 billion tax revenues due to a moratorium on customs duties on electronic transmissions (ET) agreed in 1998 and continued since then.

“The main exporters of these electronic transmissions are firms like Amazon Prime Video, Netflix, Nintendo, Rockstar etc, who are experiencing an unprecedented surge in their sales and profits, while governments are unable to collect any tariffs on these companies' exports due to the existing moratorium, the report points out.

هذه القصة مأخوذة من طبعة July 18, 2020 من Mail Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 18, 2020 من Mail Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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