British Chancellor Sajid Javid has committed the UK to enforcing a digital services tax on global tech companies, despite threats from the US that they may respond by putting “taxes on their car companies” – risking a trade war.
Speaking on a panel – alongside US Treasury Secretary Steve Mnuchin – at the World Economic Forum in Davos, Switzerland on Wednesday, Javid doubled down on government plans to implement a two-percent levy on revenues made by global tech giants like Facebook and Twitter in the UK.
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