UK agrees to end tax on US tech giants when global deal takes effect
by Guardian staff and agencies from on (#5R028)
Deal means US will not retaliate against UK for imposing digital services tax, Treasury says
The UK has agreed to phase out its tax on US tech giants such as Google and Facebook, averting the threat of retaliatory tariffs from the United States.
A deal between the two countries will keep the digital services tax in place until 2023, when it will make way for a newly agreed global tax system.
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