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Tech firms may be hit with higher taxes

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The tech giants have taken over the world, but now governments are trying to claw some of it back. Global leaders are discussing new rules on taxing some of the planet’s most valuable firms, but reaching agreement on how to divide the digital spoils won’t be easy.

It has been clear for some time that these firms seem to pay less tax than might be expected given their revenues. Take the UK, where in 2018, Facebook achieved a record £1.6 billion in sales. The amount of corporation …

source: newscientist.com

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