{"id":570,"date":"2018-03-25T10:55:57","date_gmt":"2018-03-25T08:55:57","guid":{"rendered":"https:\/\/britishdailynews.co.uk\/?p=570"},"modified":"2018-03-22T10:57:19","modified_gmt":"2018-03-22T09:57:19","slug":"he-uk-should-get-behind-the-eus-radical-tax-plan-for-tech-firms","status":"publish","type":"post","link":"https:\/\/britishdailynews.co.uk\/?p=570","title":{"rendered":"he UK should get behind the EU’s radical tax plan for tech firms"},"content":{"rendered":"

R<\/span><\/span>adical stuff from the European commission: it is\u00a0proposing a tax on the revenues of large digital companies<\/a>\u00a0operating in the EU, to be levied at 3%. The idea breaches the basic principle that corporate taxes should be charged on profits, not turnover, and thus will cause conflict with the US and probably a few EU countries too. But Brussels deserves support.<\/p>\n

No measure to date has halted the massive under-taxation of global technology firms. A crude local revenue tax, intended to operate until an international solution can be agreed, is better than the current state of affairs.<\/p>\n