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New India Tax Prompts Pushback By Amazon And Flipkart

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Amazon and Flipkart are pushing back against a proposed Indian tax on the online eCommerce market, saying it will stymie growth in the industry, according to a report by Reuters. . The proposed tax is a piece of a bigger plan by Indian Prime Minister Narendra Modi. billion people in India pay income tax.

Taxes 159
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India’s Payments Power Moves

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In 2016, Prime Minister Narendra Modi put forth a policy that took the largest banknotes in circulation out of the system (500 rupee and 1,000 rupee bills), a move intended to reduce tax evasion and corruption. Online Retail Growth. That market will grow at a 30 percent compound annual growth rate (CAGR) until then. “An

Payments 108