UK taxes on big tech firms may be changed as part of a deal to avoid US President Donald Trump’s next raft of tariffs, Chancellor Rachel Reeves has suggested.
She said talks are “ongoing” about tweaks to the Digital Services Tax (DST), which affects global tech giants like Amazon and Meta.
The 2% levy introduced in 2020 raises about £800m a year for the UK, but the BBC understands it could be altered in exchange for the US not imposing more import taxes on the UK, following the barrage of tariffs Trump has already announced.
The potential change was criticised by the Liberal Democrats, who said Labour is “at risk of losing its moral compass”.
Cuts to disabled people and civil servants. Hand money to silicone valley broligarchs.
Red Tories.
A while back Zuck was looking smug about UK regulation like the OSA after he went all in on Trump because he knew tariffs could be used to change UK digital policy and it looks like we are starting to crumble under pressure already.
Tax cuts for billionaires was never going to be a good look, but given this comes after slashing cuts to those who are worst off…
Yes, the UK has a rich and decidedly unproud history concerning appeasement
Cowards
UK gov still unsure who their friends are and what their mission is? Wasn’t there an election last year?
Typical UK L
So you mean being part of a group to support these kinda decisions is wise and when you’re all alone, you get bullied? Who would’ve thought it?
To be fair the EU is also getting bullied.
H/T to @Fluke@lemm.ee for the link.
I’m wondering what UK based tech companies are critically dependent on American customers? My gut would have said it’s better to accept the reciprocal tariffs.
Unfortunately, it may be a broader attack: “we’re going to tax all steel imports unless you stop trying to make the broligarchs pay tax”. Wonder if they’ll force us to lower food standards too.
Common UK Appeasement L
