Digital taxes are clearly a popular way for politicians to tap into hostility towards the tech giants. The Conservatives seem determined to press ahead with plans for a 'Digital Services Tax' (DST) and the necessary legislation is already in the latest draft Finance Bill. Labour and the Liberal Democrats would go even further. But the DST … Continue reading The Digital Services Tax is a terrible idea
According to Brexit pessimists, the UK economy is already as much as 3% smaller than it would have been if the UK had voted to remain in the EU, and the deal that Boris Johnson’s government has negotiated could reduce GDP by another 7% over the next ten years. Fortunately, neither of these numbers stands … Continue reading What would Boris’ deal mean for the economy?
On the morning of 13th March the government confirmed that it intends to eliminate 87% of tariffs on goods imported into Britain, but only if the UK leaves the EU without a deal, and only for an initial 12 month period. This plan therefore raised just two cheers from me. However, as I write this, … Continue reading Why we should cut tariffs, whether others follow or not