UK denies it plans to drop tax on digital giants | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 23, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 23, 2025
UK denies it plans to drop tax on digital giants

World+Biz

Reuters
24 August, 2020, 09:20 pm
Last modified: 24 August, 2020, 09:23 pm

Related News

  • UK discovers Russian 'espionage tool', sanctions GRU officers over cyberattacks
  • UK police arrest 55 at parliament rally for banned Palestine Action group
  • Bangladeshis linked to Hasina appear to have made UK property transactions in past year: Guardian
  • Babies made using three people's DNA are born free of hereditary disease
  • Thousands of Afghans secretly moved to Britain after data leak

UK denies it plans to drop tax on digital giants

“We have been clear it’s a temporary tax that will be removed once an appropriate global solution is in place – and we continue to work with our international partners to reach that goal,” a finance ministry spokesman said

Reuters
24 August, 2020, 09:20 pm
Last modified: 24 August, 2020, 09:23 pm
Representational Image. Photo: Reuters
Representational Image. Photo: Reuters

Britain's finance ministry denied a report that it planned to drop a tax on technology companies such as Facebook and Google.

Britain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are US companies.

The Mail on Sunday newspaper reported that finance minister Rishi Sunak planned to drop the tax because it does not raise much money - around 500 million pounds ($654 million) a year - and could hurt a push for a US trade deal.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"We've been clear it's a temporary tax that will be removed once an appropriate global solution is in place – and we continue to work with our international partners to reach that goal," a finance ministry spokesman said.

($1 = 0.7646 pounds)

United Kingdom (UK) / Tech giants / tax

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • TBS Illustration
    Dhaka proposes third-round tariff talks on Sunday, awaits US response
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Why Bangladesh's capital market is poised for a bull run
    Why Bangladesh's capital market is poised for a bull run
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Exim Bank's former chairman Nazrul Islam Majumder being taken to court on 22 July 2025. Photo: Collected
    Will repay all money if granted bail, won’t run away, ex-Exim Bank chair Nazrul tells court

Related News

  • UK discovers Russian 'espionage tool', sanctions GRU officers over cyberattacks
  • UK police arrest 55 at parliament rally for banned Palestine Action group
  • Bangladeshis linked to Hasina appear to have made UK property transactions in past year: Guardian
  • Babies made using three people's DNA are born free of hereditary disease
  • Thousands of Afghans secretly moved to Britain after data leak

Features

Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

20h | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

14h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

2d | Panorama

More Videos from TBS

Six unidentified bodies are yet to be identified

Six unidentified bodies are yet to be identified

34m | TBS Today
32 killed in warplane crash in Milestone, live from Burn Institute

32 killed in warplane crash in Milestone, live from Burn Institute

2h | TBS Today
What information did the director of the NBPSI give about the admitted patients?

What information did the director of the NBPSI give about the admitted patients?

12h | TBS Today
India is sending specialist doctors, nurses and equipment to treat burn victims

India is sending specialist doctors, nurses and equipment to treat burn victims

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net