News

October 29, 2018

UK to introduce new tax for tech giants from 2020: minister

Nigeria loses $18bn annually to tax evasion, money laundering, others ― CISLAC

tax

Britain will introduce a new digital services tax aimed at tech giants from 2020, finance minister Philip Hammond said on Monday, responding to public outrage over low tax payments.

“It is only right that these global giants with profitable businesses in the UK pay their fair share,” Hammond told parliament as he outlined the government’s annual budget.

Tax


https://newlive.vanguardngr.com/2018/09/sustain-tax-collection-to-reduce-borrowing-expert-tells-fg/