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UK wants tech giants to pay two percent tax on digital revenues
The British government announced a new "digital services" tax that would take two percent of revenues generated by tech giants, according to Sky News. The tax would skim cash off of what the companies make from services like online advertising and streaming content. The government believes such a tax could raise more than more than £400 million ($512 million) each year.
What the Spring 2017 Budget means for UK tech
The UK's chancellor Philip Hammond has provided more details today on the National Productivity Investment Fund (NPIF), a project unveiled at last November's Autumn Statement to support science and technology. The headline announcement is the Industrial Strategy Challenge Fund (ISCF), which falls under the NPIF and will be used to support electric vehicles, artificial intelligence and robotics. An "initial investment" of £270 million will be spent in 2017/18 to support what is being called "disruptive technologies." These include "the development, design and manufacture of batteries that will power the next generation of electric vehicles."
