UK rules out proposed online sales tax - The Times

Dhwani Mehta FXStreet

The Times reported that the UK has ruled an online sales tax proposal, as it would not adhere to the European Union (EU) rules.

The UK newspaper reported that Mel Stride, a minister in Britain’s Finance Ministry, wrote Nicky Morgan, chairwoman of the Treasury select committee, to say there was a “high risk” that any such tax would breach the bloc’s state aid rules.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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