Foreign ecommerce, digital players rush to banks to pay equalisation levy

Several foreign ecommerce and digital services companies are approaching banks to help pay the new equalisation levy and complete other compliance related to tax after the government issued detailed rules for paying the tax on Thursday, people aware of the development said.Big players such as Google, Amazon, Netflix and Adobe have already paid the 2% equalisation levy – or the ‘Google tax’ – on their earnings originating from India introduced in