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Trade war ignited? UK risks wrath of US after vowing to go ahead with digital tax on tech giants like Google and Facebook

 
keybored

User ID: 77443882
Belgium
01/22/2020 09:00 AM

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Trade war ignited? UK risks wrath of US after vowing to go ahead with digital tax on tech giants like Google and Facebook
British Chancellor Sajid Javid has committed the UK to enforcing a digital services tax on global tech companies, despite threats from the US that they may respond by putting “taxes on their car companies” – risking a trade war.

Speaking on a panel – alongside US Treasury Secretary Steve Mnuchin – at the World Economic Forum in Davos, Switzerland on Wednesday, Javid doubled down on government plans to implement a two-percent levy on revenues made by global tech giants like Facebook and Twitter in the UK.

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Don't see why they shouldn't pay taxes. They make more than enough to be able to afford it.

About time they put something back into the society they supposedly care about.
Anonymous Coward
User ID: 75540213
United States
01/22/2020 09:04 AM
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Re: Trade war ignited? UK risks wrath of US after vowing to go ahead with digital tax on tech giants like Google and Facebook
Ha ha, they deserve each other.





GLP