Mar 13, 2018
Chancellor threatens new tech tax
Chancellor Phillip Hammond has called for a deeper look at how tech giants such as Google and Facebook are taxed. Mr Hammond said there was a need to consider interim measures, such as taxing revenues, rather than profits. He first addressed the topic in the Autumn Budget, amid concerns the current system does not tax companies where they make their money. He said the government hoped to find a solution along with other international partners, including the EU..
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