Reeves defies Trump with tax on US tech giants
The digital services tax has become increasingly important to the Exchequer amid the growth of big tech companies such as Meta and Google - Stephen Lock / i-Images Rachel Reeves has resisted pressure from Donald Trump to drop a tax on US technology companies, with the levy poised to raise billions for the Treasury. A long-awaited review of the digital services tax (DST) – a 2pc charge on big tech companies’ revenues in Britain – said it would continue to operate in the absence of a global tax agreement. ...