ITI Welcomes Removal of India’s Equalisation Levy
WASHINGTON – Today, global tech trade association ITI issued the following statement from Megan Funkhouser, ITI’s Senior Director of Policy, Tax and Trade, welcoming the Government of India’s removal of its Equalisation Levy:
“ITI welcomes the Government of India’s decision to withdraw its Equalisation Levy, which compromised the ability of companies to do business in India by targeting non-resident companies and attempting to ring-fence the digital economy. The global technology industry depends on stable, predictable, and non-discriminatory rules to innovate and grow, and the withdrawal of the Equalisation Levy is a step in the right direction.”
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