Today news
About the same in other media
10.11 - 18:43
UK agrees to end tax on US tech giants when global deal takes effect
Reading now: 491
The UK has agreed to phase out its tax on US tech giants such as Google and Facebook, averting the threat of retaliatory tariffs from the United States.
A deal between the two countries will keep the digital services tax in place until 2023, when it will make way fora newly agreed global tax system.
The UK, US, Austria, Britain, France, Italy and Spain all reached an agreement on Thursday on the transition from national digital services taxes contested by Washington to a new global tax deal.
The agreement was reached after 136 countries agreed on a plan under which large multinational companies pay tax in the countries where they do business, and committed themselves to a minimum 15% corporation tax rate.
The UK’s digital services tax was
Read more on theguardian.comAbout this in other media
Walkers crisps shortage could last until end of month after IT glitch theguardian.com /3 years ago
House passes $1T infrastructure bill with crypto tax for Biden's approval cointelegraph.com /3 years ago
Tech bosses could face criminal cases over online harm, warns UK minister theguardian.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
