Last year the government announced a digital services tax on US technology firms – including Google, Facebook and Amazon – to make sure “these global giants with profitable businesses in the UK pay their fair share”. Former Chancellor Philip Hammond set out the case for the tax buy rehearsing populist themes: The tech firms are big and prosperous, they derive “substantial value” from operating in the UK, yet they don’t pay much tax to HM Revenue and Customs.
Opponents of big tech have used Amazon’s 25th birthday as an excuse to rehash accusations that the company is under-paying tax. Labour leader Jeremy Corbyn’s message of ‘many happy tax returns’ was perhaps the wittiest remark of the lot, but does it show a real grasp of the economics or just a naked attempt to bash big tech to win a few political brownie points?
Joining the IEA's Digital Manager Darren Grimes to discuss pressing the delete button on the tech tax is the IEA’s Head of Regulatory Affairs Victoria Hewson and the IEA’s Economics Fellow Julian Jessop.
The Swift Half with Snowdon ft. Mark Schrad
Should Meta have been forced to sell Giphy?
Live withOUT Littlewood | John Penrose MP, Danielle Boxall, Tim Montgomerie + more! | Ep.65
Questioning the Entrepreneurial State
Should the UK have a codified constitution? | Markets and Morality | Ep.21
The Swift Half with Snowdon ft. Julian Jessop
Identity politics: What happened to individualism?
In Conversation with Deirdre McCloskey
Live with Littlewood | Andrew Lilico, Emma Webb, Matthew Lesh and Andy Mayer
Should classical liberals support NATO expansion? | Markets and Morality | Ep.19
Live with Littlewood | Claire Fox, Lucy Harris, Darren McCaffrey and Victoria Hewson | Ep.63
Business sentiment and economic outcomes
The Swift Half with Snowdon ft. Jonathon Kitson
The myth of the ’Post-War Consensus’
Do economic sanctions work? | Markets & Morality
Interest rates: How to control inflation?
The Swift Half with Snowdon ft. Martin Durkin
Explained: Libertarian Socialism
In Conversation with Nigel Farage
Are our millionaires taxed enough?
Create your
podcast in
minutes
It is Free