The Digital Sales Tax War

©iStock/dubassy

The Biden administration has warned it could slap 25% tariffs on British exports to the US after the UK levied a digital services tax on major technology companies.

Brought in last April, the digital services tax levies a 2% charge on the revenues of search engines, social media services and online marketplaces.

Complicated.  Read more here.

from The Global Small Business Blog https://ift.tt/3wmlVFZ