US threatens UK with export tariffs over online tax

Biden Trump online tax levy

The Biden administration has revealed plans to target over £236 million worth of UK goods in response to any attempt by the UK to levy a technology tax, which Washington believes would be “unreasonable or discriminatory” and place a burden on US businesses.

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Get ahead of your competition: Luxury Sector 2022 Report

The trend is clear: online is set to become the leading channel for luxury purchases by 2025. Online shopping for luxury goods increased in value by 50% and nearly...