Rolling back tax for a larger strategic gain
India, March 29 -- Last week, this column argued the Elon Musk-backed Starlink poses no threat to Jio and Bharti. But one week is a long time and much drama has unfolded since. Although it appeared as if there was no drama. No chest-thumping press conference. No policy paper buried in legalese. Just a quiet announcement: the "Google Tax" was being rolled back. This is the 6% levy on digital advertising revenues earned by companies like Google, Facebook, and Amazon. The kind of tax that usually gets buried in budget footnotes. Except this one isn't just any tax. This one had teeth....
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