Calls for more Multinational taxes on Tech Giants

Liberal Democrat Deputy Leader and Leader Jo Swinson MP and Vince Cable MP have written to the Chancellor of the Exchequer calling on him to throw his weight behind a new Europe-wide tax initiative on tech giants.

This urges Philip Hammond to use the Budget to set out how he will incorporate what is currently an EU’s initiative into any Treasury initiative to tax big internet firms.

Jo Swinson said:
“Tech giants are getting away with not paying their fair share of tax because we make it easy for them.

The time to act is now if we want to create a level playing field for businesses in the UK and give our struggling high streets a much needed boost.

Britain is always at its best when it brings countries together in a common cause. If we want to tax tech giants we must work together with our European allies and others around the globe.”

I urge the Chancellor to focus his energy on making this EU-wide tax happen. This is a golden opportunity that we cannot afford to miss.”

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