UK wants US backing in cracking down tech giants - report

Montag, 24. Mai 2021 21:45

The government of the United Kingdom will withhold its endorsement of the Biden administration's global minimum corporate tax proposal unless it gets Washington's support for applying more regulatory scrutiny over United States tech giants, anonymous sources told The Telegraph on Monday.

Officials in London are reportedly concerned over a potential lack of negotiating leverage for their own big tech taxation plans if they prematurely back the US tax proposal.

Such a development may also impact the success of the international tax negotiations during the upcoming UK-hosted G7 summit, according to the report.

Relevante Links: Apple Inc.Amazon.com Inc.Alphabet Inc.Alphabet Inc.Facebook Inc.
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