Speaking at Davos, Chancellor of the Exchequer Sajid Javid stated that the UK will be going ahead with its proposed Digital Tax. Expected to be in place for April 1st, 2020 the tax is designed to target multinational corporations/ conglomerates with a revenue derived from either from the provision of a social media platform, a search engine or an online market place.
Google and Facebook have got a big storm coming with the new tax reform on digital enterprises, which is going to target their revenues instead of much smaller profit figures,… read more →
