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  • Reeves weighs tech tax overhaul to avert US tariffs

    Politics

    The UK government is exploring potential adjustments to its digital services tax (DST) to avert further tariffs from the US, Rachel Reeves confirmed. The DST, which targets global tech heavyweights like Meta, Google and Amazon, has raised around £800m a year since its introduction in 2020. Yet, with President Donald Trump set to announce new [...]

    The NAO has warned against making private finance decisions as a means to avoid accounting classifications or achieve ‘off balance sheet’ investment and the eventual costs of maintaining or upgrading assets if they are handed back by the private sector. If costs are not accounted for properly, taxpayers will be exposed to the risks of higher public expenditure over the long term.

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