Labour drops plans for a £3bn tax raid on tech giants

clock • 3 min read
Labour drops plans for a £3bn tax raid on tech giants
Image:

Labour drops plans for a £3bn tax raid on tech giants

Proposed charges on Amazon and Facebook ditched due to concerns about a trade war with the US

Labour leader Sir Keir Starmer is facing criticism for yet another "flip-flop" after abandoning plans for a £3 billion tax raid on tech giants. Shadow Chancellor Rachel Reeves had previously mad...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Lock-in secrets of the hyperscalers, according to Civo

Cloud Computing

All cloud providers are not equal when it comes to winning contracts, according to Mark Boost, CEO of UK cloud provider Civo.

clock 16 February 2024 • 3 min read
 Labour party plans to force AI developers to share test data

Government

Existing voluntary agreement would be made legally binding

clock 06 February 2024 • 3 min read
Tech giants make big revenue waves: Meta and Amazon reach new highs while Apple faces setback

Finance and Reporting

Meta's market capitalisation skyrocketed to $1.16 trillion

clock 05 February 2024 • 3 min read

More on Legislation and Regulation

Regulation has made EU firms less data-hungry

Regulation has made EU firms less data-hungry

GDPR has cut storage and processing

Tom Allen
clock 21 February 2024 • 2 min read
EU backtracks on Apple and Microsoft 'gatekeeper' designation

EU backtracks on Apple and Microsoft 'gatekeeper' designation

Edge and iMessage will no longer be subject to DMA rules

Vikki Davies
clock 15 February 2024 • 1 min read
Europe edges closer to landmark AI regulations after France agrees to ratify AI Act

Europe edges closer to landmark AI regulations after France agrees to ratify AI Act

France was seeking additional concessions to safeguard its own AI startups

clock 05 February 2024 • 3 min read