Britain to major tech companies: You do business here, you pay taxes here
Europe and the United Kingdom have been coming hard at the tech industry lately: tough privacy laws, fines for anti-competitive behavior, new types of copyright laws, and earlier this week, something called a "digital services" tax from the United Kingdom. Starting in 2020, the U.K. will take 2 percent of online revenue from tech companies, specifically Facebook, Amazon and Google, that make over $600 million a year. The rest of Europe is planning a similar tax, and the idea has even spread to South Korea, India, Mexico, Chile and other countries. Let's dig into this digital tax idea in Quality Assurance, the Friday segment where we take a deeper look at a big tech story. Molly Wood talks with Mark Scott, chief technology correspondent at Politico. (11/02/18)
Europe and the United Kingdom have been coming hard at the tech industry lately: tough privacy laws, fines for anti-competitive behavior, new types of copyright laws, and earlier this week, something called a “digital services” tax from the United Kingdom. Starting in 2020, the U.K. will take 2 percent of online revenue from tech companies, specifically Facebook, Amazon and Google, that make over $600 million a year. The rest of Europe is planning a similar tax, and the idea has even spread to South Korea, India, Mexico, Chile and other countries. Let’s dig into this digital tax idea in Quality Assurance, the Friday segment where we take a deeper look at a big tech story. Molly Wood talks with Mark Scott, chief technology correspondent at Politico. (11/02/18)
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