The UK government’s commitment to a 2% tax on the sales of US technology giants, including Apple, Amazon and Facebook, could lead to retaliatory taxes on the UK automotive industry, which exported more than 221,000 finished vehicles to the US last year, according to figures from the Society of Motor …
The UK government’s commitment to a 2% tax on the sales of US technology giants, including Apple, Amazon and Facebook, could lead to retaliatory taxes on the UK automotive industry, which exported more than 221,000 finished vehicles to the US last year, according to figures from the Society of Motor Manufacturers and Traders (SMMT).
At last week’s World Economic Forum (WEF) meeting in the Swiss town of Davos, UK chancellor Sajid Javid said the tax on the tech firms was planned to take effect in April this year.
Font: Automotive Logistics
