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  • Biden administration threatens tariffs on UK goods in 'tech tax' row

    From bbc.com

    The US has warned it could put tariffs of up to 25% on a host of UK exports in retaliation for a UK tax on tech firms. Ceramics, make-up, overcoats, games consoles and furniture could all be hit, according to a list published by the Biden administration. It is pressing ahead with the action, initiated under President Trump, and has scheduled hearings on the list. The duties are designed to raise $325m, the amount the US believes the UK tax will raise from US tech companies. The US argues the digital services tax - which aims to make big tech firms pay a fairer share of tax - has "unreasonable, discriminatory, and ... (full story)

No wonder G/U is falling...
What goes round comes around......

usa's previous admin hit at China in trade war, China retaliated back.

usa's current admin hit at UK in tax row, UK has all but poo to hit back. A broken UK does not have the power to fight back. All in all, UK is pretty much fxxked by boris.

But saying that, it goes to show how us firms have been a rogue gangster throughout the world, suck all the monies out but not paying their fair share in taxes, its been going on for too long. That's why I don't buy any products from amazon nor do I use fakebook as a start.

If I can "boycott" these lot, so can the rest of the world.
You mean it's not just Trump that enters trade wars?
Shocking
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  • Posted: Mar 29, 2021 8:28am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 3  /  Views: 1,420