UK says to proceed with digital tax despite US threat

DAVOS (AFP): Britain's planned digital tax on tech giants will proceed as planned from April, UK finance minister Sajid Javid said Wednesday despite US threats of retaliation.

“We plan to go ahead with our digital services tax in April," Javid said at the Davos summit after US Treasury Secretary Steven Mnuchin warned that Washington would retaliate with a tariff on EU auto imports.

US Threatens Wednesday it will impose fresh tariffs on EU member states, Italy and Britain if they move forward with plans to tax technology companies like Google and Facebook, Treasury Secretary Steven Mnuchin said Tuesday.

Mnuchin urged Italy and Britain to reverse digital services taxes that were separately set to take effect in the two nations this year. "If not they'll find themselves faced with President Trump's tariffs," We'll be having similar conversations with them.

The Trump administration argues such taxes discriminate against Silicon Valley and are inconsistent with international tax policy.


US Threatens EU With Auto Tariff Against Any 'Arbitrary' Digital Tax: Mnuchin

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