Share Price.com

Just Eat Fears Digital Services Tax

Saturday, 24th November 2018
UNDEFINED

The tax would affect companies that are generating more than 500 million in revenue globally. According to Credit Suisse, Just Eat is the only listed European online company that has revenues close to the threshold. The company is expected to post UK revenues of 391 million for 2018.

Just Eat derives most of its profits from the UK, and pays corporation tax that is in line with the UKs statutory rates, and it is expected that they will lobby against the tax, since they do not believe that their company is the intended target for such a tax. In the budget it was said that the tax would be structured in a way that would ensure that tech giants, rather than start-ups, shoulder the burden. He added that it is unfair that digital platforms can generate significant revenues in the UK, while avoiding paying tax within the country. The tax is intended to apply to advertising revenues, including those that search engines and social media platforms generate from users in the UK.



Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.