UK may be planning to end the tax that Google, Amazon, Apple, Microsoft and other American companies likely 'Hate', and the reason is
Understanding UK's Digital Services Tax (DST)Key Factors Influencing Potential RemovalNot everyone in the UK industry happy with DSTThe UK government is reportedly weighing the reduction or elimination of its Digital Services Tax (DST) before April 2nd to mitigate potential trade tariffs from the US under President Donald Trump. Introduced in April 2020, the DST imposes a 2% levy on the gross revenues of digital companies operating search engines, social media platforms, and online marketplaces in the UK. These potential changes do not include company-specific exemptions.The UK's Digital Services Tax or DST targets large digital companies generating substantial revenue from UK users. Additionally, there's concern about the perception of US influence over UK tax policy. They are critical of welfare cuts and advocate for increased contributions from businesses and the wealthy.
Source: The Times March 21, 2025 20:41 UTC
