Sajid Javid is pushing ahead with the sales tax, which is expected to raise £1.5 billion in the first four years EPASajid Javid held firm on plans to tax technology giants as the Trump administration threatened retaliatory tariffs on carmakers. He was appearing in Davos on a panel that also included Steven Mnuchin, the US Treasury secretary, who made clear that President Trump intended to hit back if countries were to press ahead with digital taxes. “If people want arbitrarily to put taxes on our digital companies, we’ll consider arbitrarily putting taxes on car companies,” said Mr Mnuchin. The car industry is a major exporter. Mr Javid said that the UK would…

Source: The Times January 22, 2020 12:33 UTC