UK to phase out multi-billion pound tax on tech giants after global reforms

Image source: Sky News
Britain is to phase out a tax on revenues made by the likes of Facebook, Google and Amazon - which was expected to have raised billions - after global reforms were agreed.

More from Sky News

More from same topic

Sky News

Holiday camp chain Butlin's to be put up for sale amid staycations boom

Sky News

FTSE-100 property giant Land Securities to kick off hunt for next chair

Sky News

Why fear of growth setback has spooked investors

Sky News

Google blinks first in 11-month privacy showdown with UK regulator

Sky News

Lenders score own goal with collapse of sports broadcaster Arena

Sky News

FTSE 100 falls sharply on new virus variant fears

Sky News

Six Nations Rugby to name former O2 chief Dunne as chairman

Sky News

Two more energy firms power down as taxpayer keeps lights on at Bulb

Sky News

Taxpayer-backed Push Doctor nears administration amid sale talks

Sky News

Black Friday heralds raft of offers from big retailers but event 'not what it once was'

Sky News

China gives first real reaction to Dimon gaffes but will there be a backlash?

Sky News

Skills shortages, chemical rocket engines, and hospitality