2 ms·
The companies in question virtually don't pay any tax on profits though, even though it's pretty clear they're making money hand over fist.
by grues-dinner 2y ago
The companies in question virtually don't pay any tax on profits though, even though it's pretty clear they're making money hand over fist.
- beejiu 2y agoYes, it's true, but digital services tax was only supposed to be temporary and the UK agreed to move away from it once a global tax system was negotiated at the OECD. https://www.gov.uk/government/news/uk-agrees-transition-toward-new-global-tax-system https://www.gov.uk/government/news/uk-agrees-transition-towa... I think those talks have ultimately stalled, so the right solution is getting back on track to a global tax system. (Interestingly the deal struck in 2021 exchanged the promise of no US tariffs with the transition away from DST. It's no surprise this is a hot topic again with Trump's tariff regime.)