Concerns over economic impact of UK digital services tax
- 1The Tax Foundation analyzed that the UK's digital services tax will impact the economy.
- 2The scale of the impact on the UK's GDP will completely offset the 900 million pounds in tax revenue generated by the UK's DST last year.
- 3The expected UK DST tax revenue for this year is 1 billion pounds.
So what's the key point?
An analysis suggests that the introduction of a digital services tax in the UK could impact the economy. This means the 1 billion pounds in tax revenue expected this year could be lost to economic damage.
Source The Telegraph · View original ↗
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