Governments push to regulate Big Tech companies amid COVID-19 economic shock
April 15, 2020: India imposed a sweeping new tax on digital goods and services on April 1, 2020, closely followed by an Indonesian move on April 7. Both countries noted the rapid increase in online activity due to the COVID-19 pandemic shutdowns on physical contact between people.
The Indian government used its 2020 Budget to impose the 2 per cent tax on all goods and services sold online in India by companies that do not have a taxable presence in India. The threshold for sales is low, at US$267,000.