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Britain to consider taxing digital giants’ revenue


Hammond (pic) said he had published a paper setting out proposals for taxing global digital firms before a meeting with his G20 counterparts later this week. — Reuters

Hammond (pic) said he had published a paper setting out proposals for taxing global digital firms before a meeting with his G20 counterparts later this week. — Reuters

LONDON: Britain said it was considering taxing the revenues of Internet companies like Facebook and Google until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions.

Finance minister Philip Hammond said on March 12 he had published a paper setting out proposals for taxing global digital firms before a meeting with his G20 counterparts later this week.

   

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