Britain’s digital tax on ‘Big Tech’ not impacted by trade deal

May 9, 2025

, By The Economic Times

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Britain’s digital services tax, imposed on US companies like Amazon, Google and Meta, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said. US President Donald Trump has been strongly critical of digital services taxes, which have been introduced by around 20 countries, saying they were “designed to plunder American companies”.

Britain’s tax is levied at 2% of the revenue earned by big tech companies in the country.

“The Digital Services Tax remains unchanged as part of…

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Britain’s digital tax on ‘Big Tech’ not impacted by trade deal

May 9, 2025

, Published By The Economic Times

Britain’s digital services tax, imposed on US companies like Amazon, Google and Meta, will not be changed under the terms of the trade deal agreed between the two countries on Thursday, the British government said. US President Donald Trump has been strongly critical of digital services taxes, which have been introduced by around 20 countries, saying they were “designed to plunder American companies”.

Britain’s tax is levied at 2% of the revenue earned by big tech companies in the country.

“The Digital Services Tax remains unchanged as part of…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Apple’s leaked iPhone roadmap looks bigger and better than ever

Next News

Manoj Jewellers Limited IPO Opens On 5th May 2025, Closes on 7th May 2025

The Economic Times

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