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The U.K. government has confirmed that it will levy a 2% tax on "the revenues of search engines, social media services and online marketplaces, which derive value from U.K. users" starting from April 1.
Companies with global revenue of over £500 million (or about $650 million), where more than £25 million is derived from U.K. users, will be charged the tax. The policy is strongly opposed by the U.S. government.