trending Market Intelligence /marketintelligence/en/news-insights/trending/j20SkD6p45wCZaJEmoNtkw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

UK to proceed with digital tax despite US tariff threats


Episode 3: Transformation of Customer Experience in 2020


Episode 2: Origins of 451 Research - Part 2


Episode 1: Origins of 451 Research - Part 1


Culture of success: 451 Research survey highlights the keys to strong data and analytics initiatives

UK to proceed with digital tax despite US tariff threats

The U.K. will push through with plans to introduce a 2% tax on digital companies' U.K. online revenues despite the U.S. government's threats of retaliatory tariffs, the London's Financial Times reported, citing a spokesperson for British Prime Minister Boris Johnson.

Washington had argued that the tax discriminates unfairly against tech companies such as Inc. and Alphabet Inc.'s Google LLC.

On the other hand, U.S. and France had agreed to a tariff ceasefire regarding the levy dispute, although French Economy and Finance Minister Bruno Le Maire said the negotiations are "far from won."

The U.K. was one of several countries that pledged to proceed with their respective digital tax implementations amid Washington's threats of retaliation.