India is well placed to fight G7 tax deal’s flaws – Reuters

India is well placed to fight G7 tax deal’s flaws – Reuters

India, like many countries, wants to tax technology giants based on local revenue or domestic user numbers. Recent rich-world proposals may disappoint. The country of 1.3 billion people is best placed to lead a fightback.

The Group of Seven major industrial nations – Britain, Canada, France, Germany, Italy, Japan and the United States – agreed last week on a 15% minimum corporate levy and new taxing right based on where companies like Alphabet's (GOOGL.O) Google generate revenue, rather than where they declare profit. India and other big emerging economies get their say at July's Group of 20 meeting.