‘Indian income tax sleuths have no way to tax digital value loop’

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Indian tax authorities are staring at a growing revenue loss in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-tax-collection” target=”_blank”>digital tax collection as artificial intelligence (AI) firms such as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/openai” target=”_blank”>OpenAI, Anthropic and Perplexity generate income at a fast clip from Indian developers, companies and startups, despite having no physical presence in the country, reigniting long-standing concerns over the concept of ‘permanent establishment’ in the digital economy.

The companies are earning millions of dollars from Indian developers, startups and enterprises who access their AI models-eg ChapGPT, Claude, Perplexity…



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‘Indian income tax sleuths have no way to tax digital value loop’


Indian tax authorities are staring at a growing revenue loss in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-tax-collection” target=”_blank”>digital tax collection as artificial intelligence (AI) firms such as ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/openai” target=”_blank”>OpenAI, Anthropic and Perplexity generate income at a fast clip from Indian developers, companies and startups, despite having no physical presence in the country, reigniting long-standing concerns over the concept of ‘permanent establishment’ in the digital economy.

The companies are earning millions of dollars from Indian developers, startups and enterprises who access their AI models-eg ChapGPT, Claude, Perplexity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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