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UK to drop 'Facebook tax' in favour of post-Brexit trade deal

UK to drop 'Facebook tax' in favour of post-Brexit trade deal

3 years ago
Anonymous $UzyKJJH9oy

https://www.theguardian.com/business/2020/aug/23/uk-to-drop-facebook-tax-covid-in-favour-of-post-brexit-trade-deal

Recently introduced tax would have raised £500m, helping to reduce Britain’s huge Covid bill

The UK government is preparing to drop a recently introduced tax on global technology companies such as Facebook, Google and Amazon, due to fears that the so-called “Facebook tax” could jeopardise a post-Brexit trade deal.