UK Keeps Digital Services Tax Despite Trump Threats

Rachel Reeves, the UKs Chancellor of the Exchequer, has decided to maintain the digital services tax on large tech companies, despite pressure from former President Donald Trump. This tax, a two percent charge on big tech firms UK revenues, is expected to generate billions for the Treasury. The tax, initially a temporary measure, will remain until a global tax agreement is reached. Despite Trumps threats of retaliation, the tax has not hindered the digital economys growth and no tax avoidance or fraud has been found.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.