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

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

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Business, Social Studies

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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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