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Author Topic: Britain's Johnson backs digital tax despite Trump's ire  (Read 13 times)

Offline Olde Hornet

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Britain's Johnson backs digital tax despite Trump's ire
« on: December 04, 2019, 08:31:44 AM »
Britain's Johnson backs digital tax despite Trump's ire

https://www.yahoo.com/news/britains-johnson-backs-digital-tax-081358414.html

LONDON (Reuters) - British Prime Minister Boris Johnson said he would press ahead with new taxes on U.S internet giants like Facebook and Google, putting him at odds with U.S. President Trump who has threatened retaliation against France over its digital tax plans.

"On the digital services tax, I do think we need to look at the operation of the big digital companies and the huge revenues they have in this country and the amount of tax that they pay," Johnson said on Tuesday, according to a BBC report.

"We need to sort that out. They need to make a fairer contribution."

Johnson's Conservative Party has committed to implementing a digital service tax on the revenue of companies such as Google, Facebook and Amazon in its blueprint for government if it wins this month's national election.

Under the plan, tech companies that generate at least 500 million pounds($640 million) a year in global revenue will pay a levy of 2% of the money they make from UK users from April 2020.
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Offline Olde Hornet

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Re: Britain's Johnson backs digital tax despite Trump's ire
« Reply #1 on: December 04, 2019, 06:34:12 PM »
Will he raise tariffs on Europe and the UK?
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