Britain's digital tax on 'Big Tech' not impacted by trade deal

Reuters

Thu, May 8, 2025, 8:36 AM 1 min read

LONDON (Reuters) -Britain's integer services tax, imposed connected U.S. companies similar Amazon, Google and Meta, volition not beryllium changed nether the presumption of the commercialized woody agreed betwixt the 2 countries connected Thursday, the British authorities said.

U.S. President Donald Trump has been powerfully captious of integer services taxes, which person been introduced by astir 20 countries, saying they were "designed to plunder American companies".

Britain's taxation is levied astatine 2% of the gross earned by large tech companies successful the country.

"The Digital Services Tax remains unchanged arsenic portion of today's deal," the British authorities said successful a statement.

"Instead the 2 nations person agreed to enactment connected a integer commercialized woody that volition portion backmost paperwork for British firms trying to export to the US - opening the UK up to a immense marketplace that volition enactment rocket boosters connected the UK economy."

(Reporting by Paul Sandle; editing by Michael Holden)