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UK Treasury prepared for unilateral action on taxing the digital economy

Nov, 13, 2023 Hi-network.com
In a position paper oncorporate tax and the digital economy, the UK treasury has set out its strategy to ensure the fair taxation of Internet companies. According to the paper, the UK government will push for international tax reforms, while exploring interim solutions to raise revenue from digital businesses. It is also prepared 'to take unilateral action in the absence of sufficient progress on multilateral solutions'.

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