Hammond targets US tech giants with 'digital services tax'

The tax will be charged at a rate of 2% and only apply against revenue from search engines, social media platforms and online marketplaces.The government has announced a special digital services tax on US technology firms – including Google, Facebook and Amazon – to make sure “these global giants with profitable businesses in the UK pay their fair share”.Philip Hammond, the chancellor, said the UK could no longer wait for “painfully slow” discussions on an int