Senior Labour figures accepted valuable gifts from Google in the days before abandoning a plan to tax digital giants more, openDemocracy can reveal. Labour’s shadow business secretary Jonathan Reynolds, his senior parliamentary assistant (who is his wife), and Keir Starmer’s political director all attended Glastonbury festival in June as guests of YouTube, which is owned by Google. Including accommodation and ‘hospitality’, Reynolds estimates his Glastonbury package for two was worth £3,377 – significantly more than the cost of two regular tickets, which were £335 each. The next day, reports emerged that Labour had ditched its proposal to hike tax on digital businesses like Google. The Digital Services Tax, introduced in 2020, is a 2% levy on the UK income of online companies like search engines and social media platforms. In August last year, Reynolds and his shadow chancellor colleague Rachel Reeves had called for an increase in the tax to 10%, saying the income would be used t...
e what others are saying about this topic: Open on Linkedin Huge breakthrough for non-invasive glucose monitoring on Apple Watch Apple just made a huge breakthrough for non-invasive glucose monitoring on Apple Watch, and this will be their Next BIG Thing 🤯 The tech powerhouse reportedly has a moonshot-style project underway that dates back to the Steve Jobs era: noninvasive and continuous blood glucose monitoring🩸 Dubbed E5, this secret endeavor’s ultimate goal is to measure how much glucose is in someone’s body without needing to prick the skin for blood. After hitting major milestones recently, the company now believes it could eventually bring glucose monitoring to market as part of the Apple Watch ⌚️ The technology is still years away...
The origins of the pink knickers tax The tariff gap originates from industry lobbying in the 1930s and ’40s, according to Washington Post columnist Catherine Rampell. At the time, domestic producers were concerned about foreign competition for goods that required more labor-intensive production (women’s undies tend to have more intricate designs) and those targeting price-sensitive consumers. Zoom out: The problem is bigger than just underwear. According to Gresser, apparel tariffs account for 75% of the total cost imposed on US consumers by import taxes, and two-thirds of that comes from women’s clothes. —SK
Comments
Post a Comment