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World

UK says to proceed with digital tax despite US threat

Britain's planned digital tax on tech giants will proceed as planned from April, UK finance minister Sajid Javid.
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  • Britain's planned digital tax on tech giants will proceed as planned from April, UK finance minister Sajid Javid.
  • We plan to go ahead with our digital services tax in April," Javid said at the Davos summit after US Treasury Secretary Steven Mnuchin.

DAVOS: Britain's planned digital tax on tech giants will proceed as planned from April, UK finance minister Sajid Javid said Wednesday despite US threats of retaliation.

"We plan to go ahead with our digital services tax in April," Javid said at the Davos summit after US Treasury Secretary Steven Mnuchin warned that Washington would retaliate with a tariff on EU auto imports.

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