UK denies it plans to drop tax on digital giants

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UK denies it plans to drop tax on digital giants
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Britain's finance ministry denied a report that it planned to drop a tax on technology companies such as Facebook and Google.

FILE PHOTO: A Google logo is shown at one of the company's office complexes in Irvine, California, United States, July 27, 2020. REUTERS/Mike Blake/File PhotoShare this contentBritain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are U.S. companies.

"We've been clear it's a temporary tax that will be removed once an appropriate global solution is in place – and we continue to work with our international partners to reach that goal," a finance ministry spokesman said.

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