Digital Services Tax: will Reeves let big tech off lightly to avoid tariffs?

UK chancellor Rachel Reeves is considering reducing the Digital Services Tax (DST), which currently taxes big tech companies at a rate of 2% on their UK revenue, raising £800 million annually. This potential reduction is seen as an attempt to avoid US import tariffs and foster free trade with the US. Critics argue that cutting the DST would benefit big tech companies at the expense of vulnerable groups. The UK Treasury is facing pressure to balance budget constraints with international trade relations.

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