# UK plans to drop 'Facebook tax', Mail on Sunday says | Tech News (HT Tech) > Britain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are US companies. # UK plans to drop 'Facebook tax', Mail on Sunday says ## Britain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are US companies. Aug 20 2022, 22:43 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![France and other countries have adopted or are considering similar taxes.](https://images.hindustantimes.com/tech/img/2020/08/23/1600x900/2020-08-23T090139Z_1_LYNXMPEG7M06E_RTROPTP_3_FACEBOOK-CONTENT_1598176194585_1598176208937.JPG) France and other countries have adopted or are considering similar taxes. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS British finance minister Rishi Sunak plans to drop a tax on technology companies such as Facebook and Google because it does not raise much money and could hurt a push for a US trade deal, the Mail on Sunday newspaper said. Britain introduced the digital services tax in April after slow progress in global negotiations over how to tax tech giants, many of which are US companies. The tax is expected to raise about 500 million pounds ($654 million) a year for Britain's public finances. Also read click here. That represents only a fraction of the 200 billion pounds in extra debt the country has racked up since the start of the COVID-19 pandemic. The tax is also a potential impediment to a post-Brexit bilateral trade deal between Britain and the United States. France and other countries have adopted or are considering similar taxes. No one was immediately available for comment at Britain's finance ministry. The Mail on Sunday quoted a finance ministry representative as saying: "We've been clear it's a temporary tax that will be removed once an appropriate global solution is in place, and we continue to work with our international partners to reach that goal." Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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