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Taxing of American Social Media Giants Still Awaits Global Solution

By John Smith • Published: 23 Aug 2020 • 16:35

MUCH has been made about the need to tax American giants such as Amazon, Facebook and Google for the revenue they earn in each Country but Donald Trump has warned against this and a number of Governments have backed down.

After the Mail on Sunday accused Britain of planning the same in order to achieve a decent trade deal, the Government has denied this saying that the tax is a temporary measure and will be changed once a global solution is reached.

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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