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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Is the Vanguard Russell 2000 ETF a Buy Now?
Funds tracking the Russell 2000 index offer investors exposure to 2,000 small-cap U.S. companies, often outperforming the S&P 500 during economic growth. The Vanguard Russell 2000 ETF (NASDAQ: VTWO) is a popular choice due to its large size and low expense ratio of 0.07%, raising the question of whether it's the right investment option currently. Want More Context? 🔎
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