UK Prime Minister Keir Starmer has proposed tax cuts for major US tech companies as a move to negotiate lower tariffs from Donald Trump's administration. This decision comes amidst escalating global trade tensions. The planned reduction of the Digital Services Tax (DST), while expanding it to include smaller businesses, highlights the UK government's strategy to retain revenue while maintaining favorable relations with the US. As both countries engage in trade discussions, broader implications on tariffs among other economies are anticipated, with the UK keeping its options open against potential retaliatory measures.
Big US technology companies may benefit from a significant tax cut proposed by Keir Starmer, as the UK seeks to negotiate lower tariffs with the US.
The UK government is poised to reduce its digital services tax to appease the US amid escalating trade tensions, while expanding the tax to smaller companies.
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