Labour has told Rishi Sunak that if the UK Treasury scraps a tax on technology companies such as Facebook, Google and Amazon it would mean losing out on enough money to pay for tens of thousands of key workers in Britain. Sunak had written a letter in June alongside EU finance ministers demanding that big tech firms pay more tax to help fund the recovery from the coronavirus outbreak. The Treasury is also considering whether to launch a digital sales tax as part of its plans to reform business rates. “This government promised to make tech giants pay a fair share of tax to support our public services. Scrapping the digital services tax will do the opposite, costing millions in revenue that could pay for thousands of nurses, teachers or police officers,” she said.

Source: The Guardian August 30, 2020 14:02 UTC