Trump is threatening France over its digital tax – these countries could be next.
last month. The measure targets three types of large multinational companies: social media platforms, internet search engines or online marketplaces.
Like the French law, Britain's tax targets big tech companies that derive "significant" revenues from digital activities. The 2% tax applies to the U.K. revenues of companies that make £500 million globally, with at least £25 million in Britain. The U.K. government says the tax would apply to revenue earned from April 1, 2020 and would raise up to £440 million by 2023.
"This measure will ensure large multinational businesses make a fair contribution to supporting vital public services," the legislation said.
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