“Tax on tech giants will rule out trade deal, US warns Britain
Donald Trump’s administration is warning Britain that it will not get a free trade deal unless a new tax affecting US tech giants is dropped, The Telegraph can reveal.
US officials are demanding that the so-called digital services tax, affecting the likes of Amazon, Google, Facebook and Twitter, is ditched before it becomes law in the autumn.
The threat has been communicated to the UK Government “at multiple levels” and has emerged as one of the most significant hurdles to Boris Johnson’s hopes of a speedy agreement.
Key members of the US Congress, which needs to approve any deal, have also echoed the warning, going a step further to suggest it could even block formal talks from starting.”
Tax on tech giants will rule out trade deal, US warns Britain
You know it makes sense!
Donald Trump’s administration is warning Britain that it will not get a free trade deal unless a new tax affecting US tech giants is dropped, The Telegraph can reveal.
US officials are demanding that the so-called digital services tax, affecting the likes of Amazon, Google, Facebook and Twitter, is ditched before it becomes law in the autumn.
The threat has been communicated to the UK Government “at multiple levels” and has emerged as one of the most significant hurdles to Boris Johnson’s hopes of a speedy agreement.
Key members of the US Congress, which needs to approve any deal, have also echoed the warning, going a step further to suggest it could even block formal talks from starting.”
Tax on tech giants will rule out trade deal, US warns Britain
You know it makes sense!
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