Ted Keen, a managing director and leader of Duff & Phelps’ Transfer Pricing European practice, was quoted in a Yahoo Finance article discussing a new “Digital Services Tax” that is expected to target tech giants such as Facebook, Google and Amazon.
According to Keen, the tax is unlikely to make much difference to the companies affected. “The goal may be to target tech giants by imposing a sales tax on popular services, but in reality, the consumers of that service will bear the brunt of the tax,” says Keen. “In my view, the digital revenue tax exploits the public by framing the tax in an appealing way to voters as an attack on the huge corporations.”
Read the full article - UK announces 'groundbreaking' new 'Facebook tax' to raise £400m
Mon, Oct 29, 2018
Ted Keen Quoted in Yahoo Finance: UK Announces 'Groundbreaking' New 'Facebook Tax' to Raise £400m
Valuation Advisory Services
Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.
Valuation Services
When companies require an objective and independent assessment of value, they look to Kroll.
Transfer Pricing
Kroll's team of internationally recognized transfer pricing advisors provide the technical expertise and industry experience necessary to ensure understandable, implementable and supportable results.
Kroll is headquartered in New York with offices around the world.
One World Trade Center
285 Fulton Street, 31st Floor
New York NY 10007
Sign up to receive periodic news, reports, and invitations from Kroll.
Our privacy policy describes how your data will be processed.
© 2024 Kroll, LLC. All rights reserved.
Kroll is not affiliated with Kroll Bond Rating Agency,
Kroll OnTrack Inc. or their affiliated businesses. Read more.