UK Prepares Tariff Response
This is a UK news story, published by Verge, that relates primarily to Donald Trump news.
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latest tariffsVerge
•Technology
Technology
Big Tech’s tax bill is on the table in tariff talks
76% Informative
The UK is preparing to respond to the series of tariffs President Donald Trump has introduced since taking office.
New taxes on everything from pure-bred horses to bourbon are on the table, but the Labour government seems more interested in a conciliatory approach.
UK negotiators have offered to water down the Digital Services Tax (DST) in exchange for lower tariffs.
The latest offer is to reduce the headline tax rate while making up for it by lowering eligibility thresholds so that more companies have to pay up.
Weakening the DST would be made easier by the fact that it’s often not the tech giants that foot the bill anyway.
If the UK folds, it could undercut other countries that have joined a global movement to tax big tech.
Instead of saving the Digital Services Tax , he argues we should identify specific new ways that tax is being avoided’ and close them down.
Neidle: “If we get rid of it for a cynical reason, that seems entirely fitting”.
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