Question to the HM Treasury:
To ask Her Majesty's Government what assessment they have made of the impact of taxing the revenue from large United States technology companies operating and investing in the UK, and in particular, on investment by such companies in the UK.
The government has set out its receptiveness to exploring interim measures with like-minded countries, such as a tax on revenues, to tax certain digital businesses which generate value from UK users. Any such tax would be designed to compensate for unrecognised user-created value pending wider reform of the international corporate tax system. The effects of any such tax would depend on its scope, rate and detailed design.