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UK Plans To Cancel The Digital Services Tax On US Tech Companies
Johnson government, trying reach a free trade agreement with US, concluded that the troubles caused by Trump's anger are more important than tax earnings.
Yazar: Tom Roberts
Yayınlanma: 23 Ağustos 2020 23:24
Güncellenme: 23 Kasım 2024 09:02
UK Plans To Cancel The Digital Services Tax On US Tech Companies
British newspaper Mail on Sunday cited allegations that Boris Johnson's successor, Rishi Sunak, would dodge the Trump administration's attention from the 2 percent tax levied by the former Theresa May government's Treasury and Finance Minister Philip Hammond on US-based digital technology companies. According to the report, the Boris Johnson government, trying to complete the EU exit process and reach a free trade agreement with the United States, concluded that the troubles caused by Trump's anger are more important than tax earnings. The digital services tax (DST) for tech giants like Google and Facebook, which took effect in April, is expected to contribute $ 654 million a year to British public finances. But besides the $ 262 billion added to Britain's public debt since the start of the Covid-19 pandemic, this amount did not matter much. "At just half a billion quid, Rishi has concluded it is just more trouble than it is worth, given the anger of Trump and the Washington establishment" one source told The Mail on Sunday. "We've been clear it's a temporary tax that will be removed once an appropriate global solution is in place – and we continue to work with our international partners to reach that goal." a finance ministry representative said.İLGİLİ HABERLER
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