The tax is a 2% levy on the revenues of search engines, social media services and online marketplaces that derive value from U.K. users.
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U.S. President Donald Trump has delivered a stark warning to the U.K., threatening to impose steep tariffs on the country unless it drops its digital services tax on U.S. tech companies.
The tax, which was first introduced in 2020, is a 2% levy on the revenues of search engines, social media services and online marketplaces that derive value from U.K. users. This includes several U.S. companies like Alphabet
’s Google, Meta
and Apple
US president accuses UK of thinking it can ‘make an easy buck’ from US tech companies, weeks after warning that UK–US trade deal…
President Donald Trump threatened to raise tariffs and restrict U.S. chip exports on countries that have a digital services tax,…
President’s move could hit UK’s digital services tax and measures in EU states such as France, Italy and Spain
President Donald Trump said taxes on massive tech companies like Facebook, Google and Amazon are designed to "discriminate…
Trump's announcement on Truth Social accused Canada of "copying the European Union" with the "egregious" tax.
US allies will suffer the biggest hit from the president's latest announcement, think tank Global Trade Alert says.
