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UK: Proposed digital services tax; implications for U.S. businesses

UK: Proposed digital services tax

The UK proposed a new digital services tax on providers of social media, search engines, and on-line marketplaces that derive income from UK user participation.

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Members of the UK tax authority met with KPMG tax practitioners in Silicon Valley to discuss how the tax could affect U.S. businesses. Read a March 2019 report [PDF 87 KB] prepared by KPMG LLP: What’s News in Tax: HM Treasury Department Discusses the UK’s Proposed Digital Services Tax

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