"The digital services tax, introduced in 2020, imposes a 2 percent levy on the revenues of several major US tech companies, something Downing Street has insisted is fair and proportionate."
"Speaking to reporters from the Oval Office on Thursday, Mr. Trump warned the US could retaliate very easily by just putting a big tariff on the UK, so they better be careful."
"The UK has hit back, saying its position on the matter has not changed. Our position on that is unchanged. It is a hugely important tax to make sure that those businesses continue to pay their share."
The Independent focuses on critical issues like reproductive rights and climate change while ensuring accessible journalism without paywalls. The digital services tax in the UK, introduced in 2020, imposes a 2% levy on major US tech companies. Despite threats from Donald Trump to retaliate with tariffs, the UK government maintains that the tax is fair and necessary for ensuring that tech firms contribute their share. The relationship between Trump and UK officials has become strained over this issue.
Read at www.independent.co.uk
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