U.S. Treasury Secretary Warns U.K. Over Digital Tax Plan

U.S. Treasury Secretary Warns U.K. Over Digital Tax Plan

Assessment

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Business, Social Studies

University

Hard

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The UK plans to implement a 2% digital tax on tech giants like Google, Apple, and Facebook starting in April. The US, represented by Mnuchin, views such taxes as unfair to American companies and has threatened retaliatory tariffs. Despite this, the UK's finance minister insists the tax will proceed as a temporary measure until an international solution is found. Meanwhile, the US and France have agreed to delay France's 3% digital tax after the US threatened tariffs on French goods.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the percentage of the digital services tax that the UK plans to implement?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the response of the US regarding the UK's digital services tax?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the UK's finance minister say about the digital services tax?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the intended nature of the UK's digital services tax according to the text?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the deal struck between the US and France regarding the digital tax?

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