UK Prime Minister Boris Johnson says he plans to push ahead with a digital services tax on technology companies despite the US backlash against France for doing the same thing.
Last night, Mr Johnson said he would stick to the Conservative Party pledge to tax multinational tech groups – many of which are US companies – to ensure they pay their “fair share” of tax.
He says: “On the digital services tax, I do think we need to look at the operation of the big digital companies and the huge revenues they have in this country and the amount of tax that they pay.
“We need to sort that out. They need to make a fairer contribution.”
The US is threatening to impose tariffs on a number of French products such as cheese, champagne and handbags after France said it would impose a 3% digital services tax on technology companies.