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Treasury denies it plans to drop 'Facebook tax' in favour of trade deal

The UK government has denied reports that it is to drop a recently introduced levy on global technology companies such as Facebook, Google and Amazon due to fears the so-called “Facebook tax” could jeopardise a post-Brexit trade deal.

Treasury denies it plans to drop 'Facebook tax' in favour of trade deal
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The Treasury said on Sunday it would drop the digital services tax when there was a global agreement on how to tax big multinational tech firms, which pay very little tax in the UK and other countries where they operate.

Read more at the Guardian

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