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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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iNews broke the news in London, United Kingdom on Sunday, March 23, 2025.
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