We can't have a situation in which US tech companies erode the tax base in countries like the UK, emptying the high street while making no contribution to the country. So essentially, the US is saying, we will have access to your market for goods using online methods, and at the same time destroy your ability to build roads, have healthcare etc. Er, no.
The US should accept that local taxation is a price of entry to the UK marketplace (bt only for transactions performed in the UK). Corporations have to pay their way. If they don't want this, they should not offer services and we'll make our own Amazons, Googles etc. It's not the role of the US to set tax rates in the UK, nor for the UK to set tax rates in the US.
And tariffs on US imports? How very Trumpian. Who's the silly person behaving this way?
"Merry-go-rounds from Britain, basmati rice from India and handbags from Italy: The U.S. threatened Wednesday to slap tariffs on $2 billion of products from six countries in response to their taxes on American tech giants.
The issue is roiling relations between Washington and other nations who are furious at the way the likes of Google and Facebook can reduce local taxes by recording their profits in low-tax jurisdictions such as Ireland.
The result was a flexing of U.S. financial muscle barely a week before world leaders are due to assemble in the UK for a G7 summit."
https://www.dailymail.co.uk/news/article-9645743/US-threatens-impose-TARIFFS-six-countries-taxing-American-tech-companies.html
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