We will consult on the detail to make sure we get it right

上一篇 / 下一篇  2018-11-19 16:47:45

“We will consult on the detail to make sure we get it right, and to ensure that the U.K. continues to be the best place to start and scale-up a tech business,” Hammond said. “It will come into effect in April 2020.”

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The U.K.’s tax will be aimed at big tech, affect companies that were profitable and with annual revenue of at least 500 million pounds. Although a temporary measure, it follows the Chancellor of the Exchequer’s comments during a speech at the Conservative party conference Oct. 1 that the U.K. would “go it alone” if a EU version of the tax continue to stall.

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Representatives for Alphabet’s Google, Twitter Inc. and Facebook did not immediately return a request for comment.

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Tech companies have been busy expanding in the U.K. in a bid to harness its highly skilled workforce. Google is among a host of major tech companies including Snap Inc. and Apple Inc. that are doubling down on expanding their London offices, despite the uncertainty around the U.K.’s exit from the European Union.

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