Facebook, Google Face Billions in New Taxes in the U.K. & Across Asia, Latin America

There is now a growing international trend to impose revenue based taxes on technology giants rather than their profit.  The U.K. just announced a 2% tax on revenue.  South Korea, India and other Asian-Pacific countries are exploring these taxes, as are Mexico, Chile and Latin American countries.  These taxes seek to capture revenue from digital services sold by foreign global companies in a given country.  The U.S. is concerned over these tax impositions that are affecting American companies overseas.  Please feel free to reach out to us from more information on the effect of these taxes on your business, and see this article.