Britain to target online giants with new ‘Digital Services Tax’

Britain's Chancellor of the Exchequer Philip Hammond stands outside 11 Downing Street before he delivers his budget statement in the House of Commons in London, Britain, October 29, 2018. REUTERS/Henry Nicholls

(Reuters) – Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make in the country to update a system that had not kept pace with changing digital business models. Amazon was down 9 percent, touching six-month low, while Google was off 5.5 percent and Facebook was trading lower […]

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