Big US tech firms such as Amazon, Google and Facebook must pay a 'fair' amount of tax on their UK revenues
BIG US tech firms must pay a “fair” amount of tax on their UK revenues, Boris Johnson insisted yesterday.
Online giants such as Amazon, Google and Facebook are all due to pay a two per cent rate from next April, leaving the US furious.Big US tech firms must pay a 'fair' amount of tax on their UK revenues, Boris Johnson has insisted— if the UK wants a free trade deal. The levy could raise £400million by 2022, but the White House sees it as a “tax grab” against big US firms.
PM Mr Johnson yesterday said: “Frankly, we must do something to tax fairly and properly the online businesses that have such colossal sales in our country.“I am open to discussion about how we do that and I am willing to listen to our American friends about the modalities but we must do something to tax them fairly.
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