Government digital services tax takes aim at Google, Amazon and Facebook

02 November, 2018, 16:13 | Author: Jared Lewis
  • The Chancellor is to announce a £28 billion investment plan for the road network

Asked at a press conference in Oslo whether she was planning to ask voters to go back to the polls, Mrs May responded emphatically: "No. That would not be in the national interest".

In addition to position papers published in the Chancellor's 2017 Budget and the Spring Statement earlier this year, the United Kingdom has been a prominent force in the OECD's base erosion and profits shifting ("BEPS") project, the first action point of which is meant to address the tax challenges presented by the digital economy. "Now we must pull together to build the bright, prosperous future that is within Britain's grasp, if we choose to seize it".

'We've now turned a corner and we are able to give Britain a bit of good news'.

Scottish Conservative interim leader Jackson Carlaw said: "With tax cuts being delivered south of the border, the case for yet more SNP tax rises next year in Scotland is simply unsustainable".

British Prime Minister Theresa May insisted Tuesday that this week's austerity-easing budget does not signal an impending election.

Pipe bomb suspect Cesar Sayoc due in court
According to Wray, they were all made of about 15 cm of PVC pipe, a small clock, a battery, some wiring and potential explosives. One law enforcement official said the fingerprint discovery was a major breakthrough.

Labour MP Chuka Umunna told ITV's Peston: "No, I don't think these are the right kinds of things to be basically making a set of income tax changes which primarily benefit high earners".

With Tory MPs increasingly restive over the impact of the roll-out of Universal Credit on low income families, Mr Hammond signalled he was ready to provide additional support to ease the transition to the new system.

Despite Mr Hammond's claims that the economy has "turned a corner" on the way to the end of austerity, Mr Johnson said that Monday's Budget was "no bonanza" for public services other than the NHS.

"We are ending austerity, we are bringing debt down, we are putting more money into our public services", Mrs May said, to jeers from the opposition benches.

The abolition of stamp duty for first time buyers purchasing homes worth up to £300,000 was one of the highlights of last year's autumn budget.

Pittsburgh Synagogue Shooting Victims Include 2 Brothers, Husband & Wife
Gunman Robert Bowers , 46, was arrested at the scene and has been charged with 30 state crimes and 29 federal ones. Standing in the crowd, Rachael, 22 from Pittsburgh said "I think it's wonderful they are supporting Pittsburgh".

But he said agreement with Brussels would result in a "deal dividend" for the economy.

Johnson described the budget as a gamble for Hammond, given the possibility that the public finances could deteriorate next year.

"The scale would be very hard to predict, given the lack of precedent".

The European Commission is said to be seeking a rate of 3 percent. The Treasury calculated the cumulative effect of increases in tax thresholds since 2010 at £1,200 for basic rate payers and £1,800 for those paying the higher rate.

He said detailed departmental allocations would have to wait until the spending review next year by which time the outcome of the Brexit negotiations is expected to have become clear.

White House Invites Russian President Vladimir Putin to Washington
He said scheduling for the trip had yet to be worked out, but Mr Putin would be invited "after the first of the year". Mr Putin said any European countries agreeing to host United States missiles would be at risk of a Russian attack.

The new "digital ad tax" will come in to force in April 2020 and the levy will be charged at a rate of 2% and only apply against revenue from search engines, social media platforms, and online marketplaces, affecting tech giants such as Facebook, Amazon, and Google.

Recommended:

  • Jamal Khashoggi’s body was ‘dissolved’ after murder, claims Turkish official

    Jamal Khashoggi’s body was ‘dissolved’ after murder, claims Turkish official

    He entered the Saudi Arabian consulate in Istanbul a month ago to obtain documents for his upcoming marriage, but never left. After initially denying Khashoggi had been killed, the Saudi government claimed he died in an unplanned "rogue operation".
    Indian Pilot Bhavye Suneja Dies in Indonesia Crash

    Indian Pilot Bhavye Suneja Dies in Indonesia Crash

    Anguished family members have been providing samples for DNA tests and police say results are expected within four to eight days. The vice-president of a leading airline in India that operates the Boeing 737 said Suneja was considering returning to India.
    Gerrard's Rangers beaten in Scottish League Cup semis

    Gerrard's Rangers beaten in Scottish League Cup semis

    Absolutely, but for us to win the League Cup we're going to have beaten Hibs, Rangers and Celtic in Edinburgh and Glasgow. We've not had an Old Firm final for a good few years so it would have been incredible to be involved in that.
  • Eagles acquire WR Golden Tate from Lions

    Eagles acquire WR Golden Tate from Lions

    The former Lions star joked that he "knew before his agent" did, saying, "I read all the articles, I followed along". The defending champion Eagles are 4-4 and in second place behind the Redskins in the NFC East. "Friendships.
    Hands-On: 2018 MacBook Air with Retina Display

    Hands-On: 2018 MacBook Air with Retina Display

    Typing isn't the spongy experience it has been on the MacBook Air previously and only you'll know whether you like that or not. The new MacBook Air has a high-resolution Retina display , is a little lighter and has other performance enhancements.
    Xander Schauffele's Round 4 highlights from HSBC Champions 2018

    Xander Schauffele's Round 4 highlights from HSBC Champions 2018

    Hsu had a total of 9-under 135 on the Ta Shee Golf and Country Club, one ahead of first-round leader Jodi Ewart Shadoff (71). The feature group was anything but that - Johnson, Rory McIlroy and Francesco Molinari combined to shoot 6-over par.
  • Malaysian scandal spreads to US

    Malaysian scandal spreads to US

    Some of those allegations were described in civil forfeiture complaints filed by federal prosecutors in Los Angeles a year ago . The 1MDB scandal has roiled politics in Malaysia, leading to criminal charges against former Prime Minister Najib Razak .
    Women take breast cancer drive to Diepkloof

    Women take breast cancer drive to Diepkloof

    The astonishingly small 12% of women who are diagnosed while cancer is still in its early stages is a cause for serious concern. In Africa, breast cancer is responsible for 28 percent of all cancers and 20 percent all cancer deaths in women.
    Lewis Hamilton Clinches Fifth F1 Title At Mexican Grand Prix

    Lewis Hamilton Clinches Fifth F1 Title At Mexican Grand Prix

    His two wins in China and Monaco begged for greater things in 2018, with both races among the opening six events of the season. Vettel might have won if not for a three-spot starting grid penalty for driving too fast under a red flag in practice.
  • Stephens and Bertens march into semis

    Stephens and Bertens march into semis

    In the second game of the third set, a Stephens shot clipped the net cord and bounced to the other side of the court. Bertens regrouped and was on the brink of levelling it up at 40-0 in the 10th game but cracked under the pressure.
    Full text of Supreme Court’s judgement in Aasia Bibi case

    Full text of Supreme Court’s judgement in Aasia Bibi case

    Ms Asia Bibi's case drew the attention of worldwide rights groups and swiftly became the most high-profile in the country. The women said that because she had drunk from a cup they could no longer use it, as her faith had made it unclean.
    IOS 12.1 brings Group FaceTime, dual-SIM: here’s the supported devices

    IOS 12.1 brings Group FaceTime, dual-SIM: here’s the supported devices

    Group FaceTime is integrated into the Messages app, making it easy to start a Group FaceTime right from a group iMessage chat. Group FaceTime With iOS 12.1 you can engage in FaceTime conversations with up to 32 people at once - should the need arise.


Popular

Lampard left disappointed after Derby defeat to Chelsea
Arsenal set up the north London derby in the quarterfinals by beating third-tier Blackpool 2-1 in a match both teams finished with 10 men.

Gazans bury 3 teens killed in Israeli strike, demand revenge
It added that it had made, before his air strike, "warning shots in the direction (teens) who have not responded". It says it is defending its border and accuses Hamas of exploiting young protesters.

Oprah, Pence visiting Georgia in deadlocked governor's race
The Georgia Department of Economic Development said there were 320 films and TV shows shot in the state past year , generating an economic impact of $9.5 billion, including $2.7 billion in direct spending.

Donald Trump: US planning ‘tent cities’ for migrants
In April, Trump ordered up to 4,000 National Guardsmen to head to the border as a different migrant caravan wound its way north. The U.S. military has already begun delivering jersey barriers to the southern border in conjunction with the deployment plans.

Arsene Wenger to return to managing coaching in 2019, Arsenal, football
Whether it is a permanent switch or if Leno will be back on Saturday when Liverpool visit north London in the Premier League remains to be seen.

Von Miller reacts to Demaryius Thomas trade to Texans
Thomas, who in Denver was averaging 50.3 receiving yards per game with three scores on the season, had been given a rating of 2.0. Plus, the Broncos got a fourth-round pick in return, which is a good exchange for an expensive, aging receiver.

RBI governor may consider resigning after rift with govt
Second letter was on using RBI's capital reserves and the third letter was on relaxing constraints on PCA banks for loans to SMEs. Another report in the Times of India said the government had mentioned the rule to the RBI in consultations, without invoking it.

OnePlus Unveils Newest Flagship the OnePlus 6T in NY
The India launch event will be live streamed exclusively through social media handles as well as official YouTube channel. The cameras feature OIS and EIS for better image quality along with large 1.22µm for superior low-light photography.

President Obama will rally for Democrats in Florida this Friday
Trump is trying to energize his most loyal supporters as polls show Democrats in position to take control of the House. The political party numbers are broken down to: 1.29 million Republican voters and 1.23 million Democratic voters.

Bromance before business as Modi visits Abe's holiday home
Strengthening bilateral security and economic cooperation was key on the agenda for the formal summit on Monday. Prime Minister Modi was an outstanding leader of his great country, the Japanese premier said.