OECD could persuade UK to drop digital tax – and thereby avoid US threats Nils Pratley
over 5 years in The guardian
Joining France in delaying tax would be a manifesto U-turn by Javid, but not a screeching one
Here’s a ladder, Mr Javid, would you like to climb down? That was not, obviously, how the head of the Organisation for Economic Co-operation and Development pitched his hope that a global agreement on taxing technology giants will be in place by the end of the year. But one can sense how events might develop.
The UK could join France in delaying its go-it-alone digital levy on the likes of Amazon, Facebook and Google. The rationale would be the OECD’s fresh confidence that 130 countries will soon agree on how to tax all shape-shifting multinationals. In that way chancellor Sajid Javid could prevent US treasury secretary Steven Mnuchin from carrying out his dramatic threat to whack tariffs on UK-made cars if the US tech brigade gets hit. Continue reading...
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