Boris Johnson plans to implement new taxes on U.S. internet giants like Facebook and Google. A move that is bound to draw Trump’s ire
LONDON - British Prime Minister Boris Johnson said he would press ahead with new taxes on U.S internet giants like Facebook and Google, putting him at odds with U.S. President Trump who has threatened retaliation against France over its digital tax plans.
Under the plan, tech companies that generate at least 500 million pounds a year in global revenue will pay a levy of 2% of the money they make from UK users from April 2020. The United States said on Monday said it could slap punitive duties of up to 100% on $2.4 billion in imports from France of Champagne, handbags, cheese and other products.
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