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back to article UK should set its own tax on tech giants if international deal isn't reached – Chancellor

The UK Chancellor of the Exchequer Philip Hammond has blamed US tax reforms for slow progress towards an international levy on tech giants' revenues, and warned that the UK is considering going it alone. The Organisation for Economic Co-operation and Development (OECD) is working on a global agreement that would ensure that …

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  1. Scott Broukell
    Meh

    Win win win with new technologies!

    Or how about, for a small negotiated slice of the action, HMRC team up with FB and they seamlessly collect import/export duties across the EU border on our behalf! That way FB would be on a nice little earner that would go some way to offset the taxation levied on their own UK business! Plus, any non-payers, could find fwends and family getting a knock at the door to cough up whats due! /S

    4 0 Reply
    1. Version 1.0 Silver badge
      Reply Icon

      Re: Win win win with new technologies!

      Let's tax electrons ... this should be as easy as no border in Ireland, a simple technological solution ... gotta luv em.

      0 1 Reply
      1. LucreLout
        Reply Icon

        Re: Win win win with new technologies!

        this should be as easy as no border in Ireland

        Yes, it'd have been a huge help if both sides had been honest that the minute we voted to leave, there was always going to have to be a land border between the republic and NI. The only way it could be different is if Ireland leaves too. Anything else is just a fudge.

        3 0 Reply
  2. Anonymous Coward
    Anonymous Coward

    "UK should set its own tax on tech giants"

    Yvette, get out the wet lettuce!

    1 0 Reply
  3. Anonymous Coward
    Anonymous Coward

    but ....

    Given the issue is companies moving their revenue to low tax environments by contracting there, a UK based revenue tax will ... not work.

    Just as the diverted profits tax didn't work because the profits were declared elsewhere on revenue declared elsewhere.

    1 2 Reply
  4. geekguy

    Perhaps the chancellor should start by learning what tax should be paid by people and not the persecution of small contractors as he seems intent on.

    This chancellor has no basic understanding at all, its quite frightening.

    0 0 Reply

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