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Britain to consider taxing digital giants' revenue

Reuters  |  LONDON 

By Paul SandleLONDON (Reuters) - Britain said it was considering taxing the revenues of internet companies like Facebook and Google until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions.Finance minister Philip Hammond said on Tuesday he had published a paper setting out proposals for taxing global digital firms before a meeting with his G20 counterparts later this week.Big internet companies have previously paid little tax in Europe, typically by channelling sales via countries such as Ireland and Luxembourg, which have ...

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First Published: Tue, March 13 2018. 21:42 IST