U.S. Treasury Secretary Warns U.K. Over Digital Tax Plan

The UK plans to implement a 2% digital tax on tech giants like Google, Apple, and Facebook starting in April. The US, represented by Mnuchin, views such taxes as unfair to American companies and has threatened retaliatory tariffs. Despite this, the UK's finance minister insists the tax will proceed as a temporary measure until an international solution is found. Meanwhile, the US and France have agreed to delay France's 3% digital tax after the US threatened tariffs on French goods.

What percentage is the UK's proposed digital tax on sales made by global tech companies?

• 3%

• 2%

• 1%

• 4%

Which countries' digital tax proposals are considered unfair by the US?

• France, Italy, and the UK

• Germany, Spain, and Italy

• Brazil, India, and China

• Canada, Australia, and Japan

What sector did Mnuchin suggest the US might target with tariffs in response to digital taxes?

• Automobiles

• Pharmaceuticals

• Agriculture

• Textiles

What is the UK's finance minister's stance on the digital tax despite US opposition?

• The tax will be postponed indefinitely.

• The tax will be implemented as planned.

• The tax will be increased to 5%.

• The tax will be reduced to 1%.

What agreement did the US and France reach regarding France's digital tax?

• To increase the tax to 4%.

• To abolish the tax completely.

• To implement the tax immediately.

• To delay the tax until the end of 2020.