India has said it will allow US multinationals to reduce tax liability to the tune of 2% equalisation levy paid in Indiafrom Tech-Economic Times https://ift.tt/3ozpmRZ
Big Tech firms play it safe, await clarity before adjusting India taxes
India has said it will allow US multinationals to reduce tax liability to the tune of 2% equalisation levy paid in Indiafrom Tech-Economic Times https://ift.tt/3ozpmRZ
Oyo may reduce IPO size, valuation may be readjusted too
The IPO issue size is expected to be much lower than $1 billion, these people said, while in its draft IPO papers with the markets regulator Oyo had sought to raise $1.2 billion.from Tech-Economic Times https://ift.tt/6KPIRgX
Global crypto exchanges await more clarity on regulations
Industry executives said the global exchanges have seen the government teetering on crypto regulations in the past three years and that signals from the government have been confusing at best.from Tech-Economic Times https://ift.tt/kVcjNTy
Apple to turn iPhones into payment terminals in fintech push
The feature, to be launched later this year, will use near field communications (NFC) technology for making all kinds of payments, including between iPhones, Apple said.from Tech-Economic Times https://ift.tt/2eyqJAi
SoftBank says additional Alibaba ADS registration not tied to future deal
"The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG," SoftBank said.from Tech-Economic Times https://ift.tt/HqG4Psf
Need more consultations with government to sort out operational issues: Crypto exchanges
Blockchain and Crypto Assets Council wants the government to clarify which party in a crypto transaction—the crypto-exchange, the crypto-broker, or the buyer—was responsible for paying consideration for the transfer of VDA to an Indian resident.from Tech-Economic Times https://ift.tt/pzfKwoq
NFTs shouldn't be clubbed with cryptocurrencies for taxation, say exchanges
Industry participants said NFTs were digital goods and not currency like crypto, so they needed to be treated separately for taxation purposes.from Tech-Economic Times https://ift.tt/3d9xfj4
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