Cicero Lounge
Business News, Cicero Lounge News, Computers and Internet, Foreign News, News and politics, On this day, Organizations, Science and Technology

Scrap Digital Tax, or no Free Trade Deal


Logos Of FAANG Tech CompaniesThe US will not negotiate a free trade deal with the UK unless a new digital services tax is dropped, according to a newspaper report – Source: Sky News

The measure, which was proposed in 2018 by then chancellor Philip Hammond in response to fears that technology giants were not paying their fair share of tax, is due to come into effect in April next year.

But US President Donald Trump’s administration is demanding that it be ditched, The Daily Telegraph reported.

The threat had been “communicated to the UK government at multiple levels”, the newspaper said, quoting a source as saying: “The message was, ‘if you go ahead and introduce this tax, we will not begin free trade negotiations with you’.”

 

 

About Cicero Lounge

Providing a News and Political website

Discussion

No comments yet.

Feel free to leave a reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Political TV & Movies

Translate Posts

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 224 other followers

Visitors to Cicero Lounge

Stats

TACTICAL VOTE 2019

Make You Vote Count on 12th December 2019

Centrepoint’s History

Cicero Lounge on Twitter

RSS United Nations Human Rights News

%d bloggers like this: