Britain to target online giants with new 'Digital Services Tax'

Britain to target online giants with new 'Digital Services Tax'

6 years ago
Anonymous $ZPWJA6-QD2

https://www.cnbc.com/2018/10/29/britain-to-target-online-giants-with-new-digital-services-tax.html

Britain said it would tax the revenues of online platforms like Google, Facebook and Amazon to create a fairer tax system that had not kept pace with changing digital business models.

"It's clearly not sustainable, or fair, that digital platform businesses can generate substantial value in the UK without paying tax here in respect of that business," finance minister Philip Hammond said in his annual budget on Monday.