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Reeves defies Trump with tax on US tech giants
Yahoo Finance· 2025-11-27 17:00
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. ...