Newly introduced tax expected to raise £500m, helping to reduce Britain’s huge Covid bill
The UK government has denied reports that it is to drop a recently introduced levy on global technology companies such as Facebook, Google and Amazon due to fears the so-called “Facebook tax” could jeopardise a post-Brexit trade deal.
The Treasury said on Sunday it would drop the digital services tax when there was a global agreement on how to tax big multinational tech firms, which pay very little tax in the UK and other countries where they operate.
Continue reading…Newly introduced tax expected to raise £500m, helping to reduce Britain’s huge Covid billCoronavirus – latest updatesSee all our coronavirus coverageThe UK government has denied reports that it is to drop a recently introduced levy on global technology companies such as Facebook, Google and Amazon due to fears the so-called “Facebook tax” could jeopardise a post-Brexit trade deal.The Treasury said on Sunday it would drop the digital services tax when there was a global agreement on how to tax big multinational tech firms, which pay very little tax in the UK and other countries where they operate. Continue reading…
