UK Offers £700m Tax Break to US Tech Giants Amid Trade War Talks

Could a £700 million tax break for US tech giants reshape trade dynamics?
Rachel Reeves is considering a £700 million tax break for US tech firms to counter Donald Trump’s trade war.,The Chancellor hasn’t ruled out scrapping the Digital Services Tax, affecting giants like Amazon and Google.,Ongoing US-UK discussions aim for a free trade deal where taxes will be crucial points of negotiation.,Experts warn Trump may demand concessions on the UK's tech tax as part of trade negotiations.,Reeves emphasizes that companies operating in the UK should fairly pay taxes, a sentiment echoed in Washington.,The Chancellor is optimistic about obtaining exemptions from Trump's tariffs during negotiations.,Trade talks were catalyzed by Sir Keir Starmer's prior discussions with Trump at the White House.,Concerns rise as Liberal Democrats warn of potential welfare cuts with tax breaks for tech giants.
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