Britain’s digital tax on ‘Big Tech’ not impacted by trade deal

written by TheFeedWired

Smartphone with Google and Amazon apps are seen placed on keyboard in this illustration picture taken on June 25, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights , opens new tab Item 1 of 2 Smartphone with Google and Amazon apps are seen placed on keyboard in this illustration picture taken on June 25, 2021. REUTERS/Dado Ruvic/Illustration U.S. President Donald Trump has been strongly critical of digital services taxes, which have been introduced by around 20 countries, saying they were "designed to plunder American companies".

Sign up here. Britain's tax is levied at 2% of the revenue earned by big tech companies in the country. "The Digital Services Tax remains unchanged as part of today's deal," the British government said in a statement.

"Instead the two nations have agreed to work on a digital trade deal that will strip back paperwork for British firms trying to export to the US – opening the UK up to a huge market that will put rocket boosters on the UK economy." Reporting by Paul Sandle; editing by Michael Holden Our Standards: The Thomson Reuters Trust Principles. , opens new tab

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