Tech giants will have to rethink their UK tax and people strategies
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Tech giants will have to rethink their UK tax and people strategies

Tech giants will have to rethink their UK tax and people strategies

Posted on 23rd February 2018

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Times headline
 

As reported today in The Times and lots of other papers and online, the government looks as if it intends to change the law so that the big tech companies can no longer claim sales in tax-friendly jurisdictions such as Ireland.  This means that instead of being taxed on their profits they will be taxed on their sales in this country. While most of the focus on this emphasises the benefits to the exchequer, probably rightly so, will it also mean that there is more reason to invest in people closer to those sales?  The government is talking about making this a reality as soon as next month (in the Spring Statement on March 13), so there won't be too long to wait to see how the tech giants respond.

Nikola Kelly, MD, Be-IT

 

 

 

 

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