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Baroness Burt of Solihull Excerpts

Monday 12th October 2020 Lords Chamber

[Baroness Barran (Con)]

We are keen to have a free trade agreement with the US that strengthens our economic relationship with our largest bilateral trading partner. Once a global digital solution is in place, we will remove the DST. I will write to the noble Lord on the second part of his question.

[Baroness Burt of Solihull (LD) [V]]

My Lords, the digital services tax is a mouse of a measure compared with the huge profits made by this American big tech monster. Should the Government not co-operate very closely with the European Union, which is devising an international tax with much greater teeth, so that big tech companies pay their fair share of tax?

[Baroness Barran (Con)]

The Government are working closely at an international level with the OECD and the G20. We were pleased to see the publication of the OECD inclusive framework on the tax challenges of digitalisation of the economy, which has come out today. Good progress is being made on those negotiations, and once we reach common ground we can remove the DST.