Comment by grues-dinner
2 months 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.
2 months 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.
Yes, 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-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.)