ED conducts pan-India raids on sellers using e-commerce platforms Amazon, Flipkart
Thursday, 7 November 2024 The Enforcement Directorate (ED) conducted searches on vendors associated with e-commerce giants Amazon and Flipkart as part of an investigation into potential violations of foreign exchange laws. The raids, spanning multiple cities, focused on financial transactions of "preferred" vendors, aiming to uncover any irregularities related to foreign exchange regulations.
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Canada has officially scrapped its controversial 3% Digital Services Tax after former U.S. President Donald Trump halted all trade talks and threatened new tariffs. The tax, set to target tech giants like Amazon, Google, and Meta, faced intense U.S. backlash. Finance Minister Champagne said rescinding the tax is essential to reviving stalled negotiations. Ottawa had previously vowed not to yield, but with over 80% of Canadian exports reliant on the U.S., the rollback clears the way for renewed talks ahead of a July 21, 2025 deadline.
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Thursday, 7 November 2024
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