US says 'no free trade treaty with UK' unless digital tax proposal scrapped



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US says 'no free trade treaty with UK' unless digital tax proposal scrapped

Amid a chaotic debate over lurking possibilities of a no-deal Brexit, which would likely to inflict deeper wounds unless US-borne Britain’s new leader, Boris Johnson could seal a free trade deal with United States, Trump Administration had asked Britain, the world’s fifth-largest economy by nominal GDP and ninth-largest by purchasing power parity (PPP) to back off of its latest proposal to tax US tech titans, adding that a move on the contrary would fail the United Kingdom to reach a free trade treaty with United States, a report of the British daily ‘The Telegraph’ published on Friday, the 2nd of August 2019, had unveiled.

In point of fact, under former British PM Theresa May’s leadership, an uncastrated United Kingdom had told last October that the island nation in Northwestern Europe, comprised of England, Scotland, Wales and Northern Ireland, would hit US-based tech behemoths likes of Alphabet Inc’s Google LP, Facebook Inc.

alongside Amazon.com Inc. with an added tax over their revenues generated in Britain in order to create a fairer tax system, a move closely resembled to a latest approval of French digital tax. Besides, Friday’s The Telegraph report had added that US officials of White House had urged Britain to drop off the proposal immediately before could become a law in autumn.