1851

The United Kingdom will be implementing a tax on digital giants including Facebook, Amazon and Google beginning in 2020. According to a<a href="https://finance.yahoo.com/news/uk-announces-groundbreaking-new-facebook-tax-raise-400m-170039863.html?ncid=twitter_yfsocialtw_l1gbd0noiom&utm_source=1851franchise.com&utm_medium=article&utm_campaign=united-kingdom-introduces-tax-that-targets-facebook-google-amazon-2708307" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank"> recent article in Yahoo Finance,</a> this will only impact companies that have a revenue threshold above &pound;500m.

&ldquo;It is only right that these global giants, which are profitable in the UK, pay their fair share in supporting our public services,&rdquo; said finance minister, Philip Hammond.

The launch of this new tax is expected to raise at least &pound;400m ($512m) for the nation each year by charging a 2% fee to each of the business giants in the category. 

While many have reacted positively to the announcement, the tax also faces strong opposition from those who fear the tax will leave a bad taste in the mouths of the businesses that have invested in the UK and provided jobs to locals. 

Read the full article<a href="https://finance.yahoo.com/news/uk-announces-groundbreaking-new-facebook-tax-raise-400m-170039863.html?ncid=twitter_yfsocialtw_l1gbd0noiom&utm_source=1851franchise.com&utm_medium=article&utm_campaign=united-kingdom-introduces-tax-that-targets-facebook-google-amazon-2708307" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank"> here</a>.

 United Kingdom Introduces Tax That Targets Facebook, Google & Amazon

1851 Franchise

The new tax will charge a 2% fee to digital giants with a revenue threshold of £500m. It has received mixed reactions. 

united-kingdom-introduces-tax-that-targets-facebook-google-amazon

Children's Lighthouse

How Children’s Lighthouse Stands Out Among Other Children’s Education, Childcare, and Daycare Franchises

how-childrens-lighthouse-stands-out-among-other-childrens-education-childcare-and-daycare-franchises

The Growth Coach

The Growth Coach Franchise Costs, Fees, Profit and Data for 2025

the-growth-coach-franchise-costs-fees-profit-and-data-for-2025

One Hour Heating and Air Conditioning

Why One Hour Heating & Air Conditioning Sees People as the Power Behind Franchise Growth

one-hour-heating-air-conditioning-franchise-growth

Lawn Doctor

Design with photo of John Perry and Lawn Doctor logo

How a 20-Year Industry Veteran Tripled His Sales With a Lawn Doctor Franchise

lawn-doctor-franchise-success-story-john-perry

Fitness Premier

The Secret to Fitness Franchise Success? It's Not Just the Workouts

fitness-premier-franchise-marketing-support

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

United Kingdom Introduces Tax That Targets Facebook, Google & Amazon

MORE STORIES LIKE THIS