UK Told To Hold Fire On April Tech Tax

87
2252

UK Told To Hold Fire On April Tech Tax

The UK has been told to “hold fire” on a new tax on big technology firms planned for April.

The OECD said that there needs to be a global agreement on technology company tax.

Without such an agreement, there would be the risk of “a cacophony” with countries going their own way.

The warning came as France agreed to delay a new tax on multinational technology firms after an angry response from Washington.

The organisation charged with brokering a global compromise on an issue threatening a transatlantic trade war has said the UK should hold fire on its digital sales tax.

As the Chancellor of the Exchequer arrived at the World Economic Forum in Davos, the Organisation for Economic Cooperation and Development (OECD)’s Secretary General Angel Gurria told the BBC that without a global solution to technology companies paying less than a fair share of tax, there would be a “cacophony and a mess” of 40 countries going their own way with “tensions rising all over the place”.

In regards to the UK plan to levy a 2% tax on the UK revenues of search engines, social media companies and online marketplaces from April, Gurria, said that the government should “absolutely hold fire and contribute to a multilateral solution”.

Elsewhere at the World Economic Forum, there were indications that the French Government will delay its implementation of a tech tax to until the end of the year.

Mr Gurria is hosting a meeting between the French finance minister Bruno Le Maire and US Treasury Secretary Steve Mnuchin to confirm a ceasefire that should prevent a tit for tat trade war between the US and Europe.

But Mr Mnuchin, in an interview with the Wall Street Journal, warned other countries including the UK that “they’ll find themselves faced with President Trump’s tariffs. We’ll be having similar conversations with them”.

Pyjamas In Public Chinese City Apologises For Shaming Residents

However, tech companies are queuing up to say the tax system should change.

Microsoft President Brad Smith told the BBC “it does make sense for big tech companies to pay appropriate taxes”.

https://www.bbc.com

And Apple chief executive Tim Cook in Ireland on Tuesday backed the OECD’s effort to find a global solution.

Officials preparing US-UK trade talks have expressed concern that the US would raise its objections to a UK digital sales tax in trade negotiations.

The Treasury said: “We’ve committed to introduce our Digital Services Tax from April 2020. It will be repealed once a global solution is in place”.

UK Told To Hold Fire On April Tech Tax

87 COMMENTS

  1. I was very pleased to discover this web-site. I intended to thanks for your time for this remarkable read!! I absolutely taking pleasure in every bit of it as well as I have you bookmarked to take a look at new stuff you article.

  2. I have learn some just right stuff here. Definitely value bookmarking for revisiting. I surprise how so much effort you set to create any such wonderful informative website.

  3. wonderful post, very informative. I wonder why the other specialists of this sector don’t notice this. You should continue your writing. I am sure, you have a huge readers’ base already!

  4. Oh my benefits! an incredible write-up dude. Thanks Nonetheless I am experiencing concern with ur rss. Don?t understand why Not able to sign up for it. Is there any person getting similar rss trouble? Anyone who understands kindly react. Thnkx

  5. What i don’t realize is in truth how you’re not actually a lot more neatly-favored than you may be right now. You’re so intelligent. You know therefore significantly with regards to this matter, produced me in my view imagine it from numerous varied angles. Its like men and women are not fascinated except it’s one thing to accomplish with Woman gaga! Your own stuffs outstanding. All the time take care of it up!

  6. I cherished up to you will obtain carried out proper here. The cartoon is attractive, your authored material stylish. nonetheless, you command get got an edginess over that you would like be delivering the following. in poor health without a doubt come more beforehand again as precisely the same just about very steadily inside of case you shield this hike.

  7. You really make it appear so easy with your presentation but I find this matter to be really something that I believe I might by no means understand. It seems too complicated and very extensive for me. I am having a look forward for your next publish, I¡¦ll attempt to get the cling of it!

  8. Hi would you mind sharing which blog platform you’re using? I’m going to start my own blog in the near future but I’m having a tough time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Sorry for getting off-topic but I had to ask!

  9. Nice blog here! Additionally your web site lots up fast! What host are you the usage of? Can I get your associate hyperlink in your host? I want my site loaded up as fast as yours lol

  10. I am really inspired along with your writing talents as well as with the format on your blog. Is this a paid subject or did you customize it your self? Anyway stay up the nice quality writing, it is rare to look a nice blog like this one nowadays..

  11. Thanks for another informative website. Where else could I get that type of info written in such an ideal way? I have a project that I’m just now working on, and I have been on the look out for such info.

  12. I believe that avoiding highly processed foods is the first step so that you can lose weight. They will taste excellent, but prepared foods have got very little nutritional value, making you eat more only to have enough strength to get over the day. If you are constantly consuming these foods, moving over to whole grains and other complex carbohydrates will help you have more power while ingesting less. Interesting blog post.

  13. I like the valuable info you provide in your articles. I’ll bookmark your weblog and check again here frequently. I am quite certain I will learn a lot of new stuff right here! Good luck for the next!

  14. Can I just claim what a relief to locate someone who really knows what theyre talking about on the internet. You certainly know exactly how to bring a concern to light and also make it important. Even more people require to read this and understand this side of the tale. I angle think youre not much more preferred since you absolutely have the gift.

  15. There are absolutely a great deal of information like that to take into account. That is a wonderful indicate raise. I use the thoughts over as general inspiration however clearly there are questions like the one you bring up where one of the most essential thing will certainly be operating in sincere good faith. I don?t understand if finest techniques have actually arised around things like that, but I am sure that your task is clearly identified as an up for grabs. Both kids as well as women feel the influence of simply a moment?s satisfaction, for the remainder of their lives.

  16. Hello, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any support is very much appreciated.

  17. Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is totally off topic but I had to tell someone!

  18. I was curious if you ever considered changing the page layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two pictures. Maybe you could space it out better?

  19. You could certainly see your enthusiasm in the paintings you write. The sector hopes for even more passionate writers such as you who are not afraid to mention how they believe. All the time follow your heart. “The point of quotations is that one can use another’s words to be insulting.” by Amanda Cross.

  20. you are actually a excellent webmaster. The site loading speed is incredible. It sort of feels that you’re doing any unique trick. Also, The contents are masterwork. you’ve done a excellent process in this topic!

  21. I¡¦ll immediately grab your rss feed as I can’t to find your e-mail subscription hyperlink or newsletter service. Do you’ve any? Please permit me recognize so that I may subscribe. Thanks.

  22. Absolutely written content material, thank you for selective information. “The earth was made round so we would not see too far down the road.” by Karen Blixen.

  23. Youre so cool! I dont suppose Ive read something like this before. So good to find somebody with some original thoughts on this subject. realy thank you for beginning this up. this web site is something that is wanted on the internet, someone with a little bit originality. useful job for bringing something new to the internet!

  24. Howdy! This article could not be written much better! Looking through this post reminds me of my previous roommate! He constantly kept talking about this. I am going to forward this information to him. Pretty sure he’s going to have a good read. Thanks for sharing!

  25. I together with my buddies appeared to be reviewing the good helpful hints from the blog and then at once developed a horrible feeling I never thanked you for those techniques. The young men are already for this reason stimulated to read through all of them and have in effect sincerely been taking advantage of those things. I appreciate you for simply being considerably kind and for getting this sort of fabulous ideas millions of individuals are really needing to learn about. My very own honest apologies for not expressing appreciation to sooner.

  26. I’ll immediately clutch your rss as I can’t in finding your email subscription hyperlink or e-newsletter service. Do you have any? Please allow me recognize in order that I may just subscribe. Thanks.

  27. viagra health concerns with what medications
    viagra without doctor prescription viaonlinebuy.us buy viagra online
    viagra knowing how to get things done

  28. Possible require all types of led tourdates with some other fancy car applications. Many also provide historic packs and other requires to order take into your lending center, and for a holiday in upstate New York. ???

  29. Good – I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related info ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..

  30. Valuable info. Lucky me I found your site by accident, and I’m shocked why this accident did not happened earlier! I bookmarked it.

  31. It’s my belief that mesothelioma is usually the most fatal cancer. It contains unusual properties. The more I look at it the harder I am certain it does not conduct itself like a real solid cells cancer. If mesothelioma is really a rogue virus-like infection, hence there is the probability of developing a vaccine plus offering vaccination to asbestos exposed people who are at high risk regarding developing potential asbestos connected malignancies. Thanks for expressing your ideas on this important ailment.

  32. Hiya, I’m really glad I’ve found this info. Today bloggers publish only about gossips and internet and this is actually annoying. A good site with interesting content, this is what I need. Thanks for keeping this site, I’ll be visiting it. Do you do newsletters? Can’t find it.

  33. I’ve been browsing online more than three hours as of late, but I by no means discovered any attention-grabbing article like yours. It¡¦s lovely value enough for me. In my opinion, if all site owners and bloggers made just right content as you probably did, the web will probably be much more helpful than ever before.

  34. Hola! I’ve been following your web site for a while now and finally got the bravery to go ahead and give you a shout out from Humble Texas! Just wanted to tell you keep up the good job!

  35. An impressive share, I just provided this onto a colleague that was doing a little evaluation on this. And also he as a matter of fact bought me breakfast since I found it for him. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for investing the time to review this, I really feel strongly about it as well as enjoy finding out more on this topic. Ideally, as you end up being knowledge, would you mind updating your blog with more information? It is highly practical for me. Large thumb up for this blog post!

  36. I actually wanted to make a brief note to be able to say thanks to you for the unique tips and hints you are showing at this website. My rather long internet investigation has at the end been recognized with beneficial know-how to write about with my colleagues. I would point out that most of us website visitors are undeniably blessed to live in a superb community with very many awesome professionals with very helpful tips and hints. I feel really fortunate to have discovered the website page and look forward to plenty of more entertaining times reading here. Thanks once more for all the details.

LEAVE A REPLY

Please enter your comment!
Please enter your name here