Digital services tax: introduction

Part of Finance Bill – in a Public Bill Committee at 12:15 pm on 11th June 2020.

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Photo of Bell Ribeiro-Addy Bell Ribeiro-Addy Labour, Streatham 12:15 pm, 11th June 2020

The Minister raises a valid point about this tax generally creating more revenue. However, he mentions the pandemic, and I am clear that we are heading for one of the worst recessions in history. Does the Minister not think that we would do best to do what European countries are doing, with a much higher rate of tax? The £1.3 billion that we will potentially lose is no small fee. The public coffers need that money. Does he not agree?