Amazon executives depose earlier than Parliament panel, quizzed about income & tax paid in India


NEW DELHI: Days after Amazon refused to look earlier than the parliamentary panel on information safety invoice, its high executives in India on Wednesday deposed earlier than the committee and have been questioned in regards to the firm’s income mannequin and the way a lot tax it pays within the nation.
The Joint Committee on Information Safety Invoice, 2019 chaired by BJP MP Meenakshi Lekhi questioned Amazon India and Amazon Internet Providers representatives individually for practically two hours every.
Amazon India was represented by its vice-presidents Chetan Krishnaswamy and Rakesh Bakshi whereas Amazon Internet Providers was represented by head public coverage India Yolynd Lobo, lead public coverage Uthara Ganesh and others.
Members questioned the e-commerce main about its income mode, how a lot income it generates and what per cent of it Amazon reinvests in India. The panel additionally requested questions on how a lot tax it pays in India, sources within the committee mentioned.
The committee requested Amazon to offer solutions to those questions in writing, signed by its top-most officers.
A stringent discover was despatched to Amazon by the parliament’s committee on information safety invoice after the corporate had final week mentioned its representatives won’t seem earlier than it. In view of its non-appearance earlier than the panel, a privilege movement was additionally into account.
The Private Information Safety Invoice, 2019 was launched within the Lok Sabha by minister of electronics and knowledge expertise Ravi Shankar Prasad on December 11, 2019. The invoice seeks to offer for defense of non-public information of people and establishes a Information Safety Authority for a similar.
The Private Information Safety Invoice was later referred to a joint choose committee of each Homes of Parliament. The proposed legislation seeks a bar on storing and processing of non-public information by entities with out the express consent of a person.