The digital services tax has become increasingly important to the Exchequer amid the growth of big tech companies such as Meta and Google - Stephen Lock / i-Images Rachel Reeves has resisted pressure from Donald Trump to drop a tax on US technology companies, with the levy poised to raise billions for the Treasury. A long-awaited review of the digital services tax (DST) – a 2pc charge on big tech companies’ revenues in Britain – said it would continue to operate in the absence of a global tax agreement. ...

Market Trends & Industry Dynamics - AT&T plans to acquire $25 billion worth of spectrum licenses to enhance its spectrum holdings and improve wireless communication capacity [1][3] - The U S administration is actively involved in technology issues, addressing digital taxes, tariffs, and AI development to maintain a leading role against China [12][16] - Digital service taxes imposed by European countries are generating significant revenue, such as France collecting $750 million per year, leading to retaliatory threats from the U S [32] - AI disruption is causing concern among investors in the software sector, questioning the demand for niche software platforms [84][86] Investment Opportunities & Potential Risks - The semiconductor industry faces uncertainty due to potential tariffs and geopolitical tensions, particularly regarding access to the Chinese market [54][56] - NVIDIA's Blackwell and Blackwell Ultra GPUs are expected to drive significant revenue, potentially leading to a $300 billion data center segment and a $6 trillion market cap [66][67] - Power supply constraints may become a critical issue for AI data centers, creating investment opportunities in energy solutions like Bloom Energy [69][70] Company Strategy & Performance - AT&T's spectrum investment is seen as a valuable move to increase capacity and improve customer experience, utilizing tax advantages for infrastructure development [7][9] - NVIDIA's management will be questioned on strategies to remain relevant in China despite restrictions, with expectations of 50% earnings per share and revenue growth [60][61] - Elon Musk's lawsuit against Apple and OpenAI is unlikely to succeed, as Apple has the right to choose its partners, and the arrangement is not necessarily exclusionary [36][39]

Core Viewpoint - President Trump threatens to impose substantial tariffs and export restrictions on countries implementing digital taxes that discriminate against US tech companies while favoring Chinese firms [1][3][6] Group 1: Digital Taxes and US Tech Companies - Digital taxes (DSTs) are seen as discriminatory against American technology firms like Meta, Alphabet, and Amazon, which are primarily based in the US [6][12] - Countries argue that since these firms generate significant profits from their citizens, they should be taxed accordingly [6] - The EU's Digital Services Act (DSA) is viewed by the US as an undue restriction on free speech, with claims that it amounts to censorship of platforms like Facebook and Instagram [9][11] Group 2: US-EU Relations and Trade Tensions - Tensions between the US and EU are escalating, particularly after a trade deal that established 15% tariffs on the trading bloc [4] - The White House is considering sanctions against EU officials responsible for the DSA, potentially in the form of visa restrictions [3][4] - France has been a vocal advocate for retaliatory measures against the Trump administration, including the use of an "anti-coercion instrument" to restrict American companies in Europe [13][14] Group 3: Political Responses and Statements - Trump emphasizes the need for respect towards American tech companies and warns of consequences for countries that do not comply [3] - Danish lawmaker Anders Vistisen supports Trump's stance, framing the issue as a defense of free speech against EU regulations [4] - Secretary of State Marco Rubio has previously indicated that those who censor American speech could face visa bans, highlighting the potential for diplomatic repercussions [11][13]

and make official. Start your will at trusted will and make it count. >> The US and the EU scrambling to strike a trade deal ahead of next week's August 1st deadline.FTX did report yesterday that a potential deal would impose 15% tariffs on European imports, similar to the Japan number that we got this week. Joining us this morning, Commerce Secretary Howard Lutnick. Mr.. Secretary, great to have you. I know you've been busy streets hungry for an update on the EU. What can you tell us.>> Well, the EU really ...

Canada scrapped its new levy on technology firms after US President Donald Trump terminated trade talks over what he called an "egregious" tax. But what are digital services taxes and why does Trump dislike them? Here's what to know https://t.co/Rk2fKKShkk ...

The UK is currently planning to keep its digital services tax after Canadian Prime Minister Mark Carney scrapped their own levy to restart trade talks with President Donald Trump’s administration https://t.co/FyWouDogT5 ...

Well, the Trump administration's trade dispute with Canada is back in the spotlight this morning. Canada has rescended a digital services tax on tech companies. This includes those based in the United States.It comes after President Trump announced on Friday he was suspending trade talks with the country. NBC News White House correspondent Yamish Alinder joins us now with the latest. Yamish, good morning.Great to see you. So, these first payments, they were actually initially set to be collected today. This ...

Canada said that it is rescinding its digital services tax that would have targeted U.S. technology firms, in a bid to restart trade talks between Washington and Ottawa. https://t.co/zK2CrfzWXk ...

As we've just been discussing on Canada, I think the removal of that digital services tax. While some may have argued that that was actually a point of leverage for Canada in any trade negotiations with the United States for moving that off the table does seem to have opened the door maybe a little bit more for the US and Canada to negotiate a deal. I think it's pretty you know, I mean, it's important to note that this kind of leaves the path for Trump and the Canadian Prime Minister, Mark Carney, to talk a ...

Canada will rescind a digital services tax to restart US trade talkshttps://t.co/JZu0CIJFsU ...