PARLIAMENTARY WRITTEN QUESTION
Business: Taxation (28 August 2020)
Question Asked
To ask the Chancellor of the Exchequer, what comparative assessment his Department has made of the adequacy of the level of business taxation for the (a) physical and (b) digital economy.
Asked by:
Esther McVey (Conservative)
Asked by:
Esther McVey (Conservative)
Answer
The widespread adoption of digital technologies means it is difficult to distinguish between the physical and digital economy.
However, the Government recognises the need to ensure that business taxes deliver fair and sustainable outcomes when applied to different operating models.
It is for this reason that the Government has introduced the Digital Services Tax, while also seeking long-term reform of international corporate tax rules.
Answered by:
Jesse Norman (Conservative)
8 September 2020
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