UK doubles down on 2 percent digital services tax

The United Kingdom will move ahead with the implementation of a 2 percent digital services tax by April 1, the UK government said on Wednesday, drawing scorn from U.S. business groups. The tax is also likely to draw the ire of U.S. officials who have condemned a similar approach by France as discriminatory against U.S. businesses. “As announced at Budget 2018, the government will introduce a new 2 percent tax on the revenues certain digital businesses earn from 1 April...