Trump threatens retaliation against UK over tax on tech giants
President Trump has warned Britain and other major economies that they face reprisals over taxes that hit American tech giants and other multinational companies.
The UK, along with the US, signed an international commitment to a global minimum corporate tax rate of 15 per cent.
Under the arrangement, companies that operate abroad and pay lower rates have to pay “top-ups” to HMRC on UK profits until they reach the 15 per cent threshold.
The Office for Budget Responsibility has said the measures are expected to generate £2.8 billion a year by the end of this parliament.
Trump cast doubt on the future of the pact when he withdrew US support, potentially leaving a significant hole in Britain’s public finances.
He also warned that countries which
Related
American Airlines Using New Tech For Gate Lice Crackdown? Passenger…
American Airlines is cracking down on 'gate lice' with new technology to enforce designated boarding zones and maintain order at the gate. A passenger shared he
New American Airlines tech to make sound when early boarders…
ByABC7 Chicago Digital Team Friday, February 28, 2025 5:53PMIf you try to board earlier than the group listed on your American Airlines boarding pass at Chicag
US-UK trade deal: Would an agreement change anything?
The US-UK trade deal warmly suggested by President Donald Trump should help insulate the UK from the direct impact of global trade tensions.It signals that the
Apple To Invest Over $500 Billion In American Tech Economy,…
Those who have been following along with corporate news in recent weeks may already be aware of president Donald Trump’s ongoing initiative to bring massive f
