How Will Budget Amazon Tax Affect Investors?

Chancellor Philip Hammond's Digital Services Tax was an eye-catching Budget measure. But how will it affect the likes of Amazon, Google and Facebook?

David Brenchley 30 October, 2018 | 2:10PM
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Philip Hammond, Budget 2018, Budget, Amazon Tax, Digital Services Tax, Amazon share price

The UK’s new Digital Services Tax, announced in Philip Hammond’s Monday Budget, could start a backlash against the US tech giants like Amazon (AMZN), Google (GOOGL) and Facebook (FB), analysts worry.

Chancellor Hammond announced a string of initiatives to help the UK high street ward off the online threat of the likes of Amazon, with the Digital Services Tax the most eye-catching.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A2,824.32 USD0.00Rating
Amazon.com Inc3,416.00 USD0.00Rating
Facebook Inc A345.96 USD0.00Rating
LF Blue Whale Growth I Sterling Acc215.20 GBP0.72Rating

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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