All articles tagged with #digital taxes
U.S. tech companies and the Trump administration are engaging with the UK to encourage the reduction of digital service taxes and improve trade relations, viewing investments as a diplomatic gesture while opposing digital tax policies that could hinder innovation and impact a potential trade deal.
The EU has backed down on digital taxes in the upcoming budget, marking a victory for Trump, while Brussels faces internal conflicts over budget payouts and political support, including concessions made by European Commission President von der Leyen.
U.S. President's proposed 'revenge' taxes under the One Big Beautiful Bill Act could deter foreign investment by imposing higher taxes on foreign entities connected to jurisdictions with 'unfair' foreign taxes, potentially leading to retaliatory measures and affecting global investor sentiment, especially among UK and European companies with US exposure.