UK Chancellor of the Exchequer Sajid Javid insisted that UK will go ahead with the induction of digital tax in April. He said, at panel discussion at the Davos forum, “It is a proportionate tax, and a tax that is deliberately designed as a temporary tax. It will fall away when there is an international agreement.”
At the same discussion, US Treasury Secretary Steven Mnuchin warned “We think the digital tax is discriminatory in nature… if people want to just arbitrarily put taxes on our digital companies we will consider arbitrarily putting taxes on car companies”. “We’re going to have some private conversations about that… and I’m sure the President and Boris will be speaking on it as well”.
