The United Kingdom has announced it will move ahead with its plans to tax foreign tech companies on revenue generated in the country, enacting one of the world’s first digital tax regimes.

But it might not be the last. The European Union, as well as countries in Asia and Latin America, have discussed a digital tax as a way to harness revenue generated by major tech companies, including Google and Facebook, in their countries.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]