Rachel Reeves’s £700m tax break for US tech giants to avoid trade war
- Chancellor Rachel Reeves is negotiating with the U.S. To exempt the UK from proposed tariffs, aiming for a deal by April 2.
- The UK is considering reducing or abolishing the Digital Services Tax, a 2% levy on major tech companies like Meta and Amazon.
- Liberal Democrat Deputy Leader Daisy Cooper expressed concern about potential tax cuts for tech giants that could negatively impact vulnerable populations.
- Reeves emphasized that companies operating in the UK should pay their taxes there, addressing ongoing discussions about the Digital Services Tax.
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Total News Sources39
Leaning Left6Leaning Right7Center3Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 38%
C 19%
R 44%
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