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Cyber tax conundrum: Digital Service Tax could offer an interim solution -Suranjali Tandon

-The Indian Express As countries calibrate their response to competing demands for sovereignty to tax, DST is an interim alternative outside tax treaties. It possesses the advantage of taxing incomes that currently escape tax and creates space to negotiate a final, overarching solution to this conundrum. The taxation of digital companies has been a key concern for G20 countries. The agenda to reform international tax law so that digital companies are taxed...

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Fixing software bugs in India’s economy -Arvind Subramanian and Josh Felman

-Livemint.com * Beyond the Budget, the key to reviving growth lies in improving economic stewardship. Here’s how * In the upcoming Union Budget, measures must be urgently taken in order to address the protracted and worsening Twin Balance Sheet problem, including revitalizing the IBC. NEW DELHI: The upcoming Union Budget is a critical one, for it offers an opportunity to reset the economy so that it can boom again in the coming years....

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We still deem us as ‘subjects’ not ‘citizens’ and Indians in government as ‘masters’ -Kannan Gopinathan

-National Herald While Americans take themselves as citizens and demand responsibility and accountability from power, Indians are still slavish, says Kannan Gopinathan, who resigned from IAS What happened in Washington DC at the Capitol Hill Building was watched in horror and everybody said, “Look democracy can fail even in America.” To me it looked like the triumph of American democracy. Attempts to overturn the Presidential election failed. State after state stood up to...

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The country should worry about further worsening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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India expresses concern over EU’s Green Deal, possible carbon taxes -Amiti Sen

-The Hindu Business Line New Delhi asks EU for more details, calls for legal analysis of deal India, the US and a few other countries have expressed apprehensions over the European Green Deal and the impact of carbon border taxes that could be imposed on imports once the proposed Carbon Border Adjustment Mechanism (CBAM) is implemented. India has called for a legal analysis of the deal, a Geneva-based trade official said. “As many...

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