India, such as 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 G7 big industrial nations agreed last week on a 15% minimum global corporate levy and the right to tax firms based on where they generate revenue. Big emerging economies such as India get their say at July’s G20 meeting...

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