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Jeremy Corbyn, calls for an "internet tax"

August 23, 2018
Total Telecom

The UK's Leader of the Opposition, Jeremy Corbyn, will today call for the implementation of an "internet tax", to be paid by the likes of Google, Facebook and Twitter, the proceeds of which would be used to fund independent journalism in the UK.

A report from the BBC claims that Mr Corbyn will make the suggestion during his speech at the Edinburgh TV Festival, on Thursday.

The proposed tax would be aimed at radically reforming the UK's online news industry and curtailing the influence of some of its biggest players.

Internet tax

"One solution to funding public interest media could be by tapping up the digital monopolies that profit from every search, share and like we make," Corbyn is expected to say, according to a statement released by his office.

"Google and news publishers in France and Belgium were able to agree a settlement. If we can't do something similar here, but on a more ambitious scale, we'll need to look at the option of a windfall tax on the digital monopolies."

Mr Corbyn has had a fractious relationship with the UK media, since he became leader of the Labour Party in 2015.

Critics of his proposed plan will question the wisdom of levying further taxation against a group of companies from whom it has been notoriously difficult to extract revenues in the past (both Google and Amazon have been accused of unfairly minimising their UK tax liability in the past).

Others will question the timing of the announcement, with the UK currently trying to cultivate investment in its digital economy from the very companies on Mr Corbyn's hit list.  

The UK government has said that levying such a tax would inevitably increase costs for consumers.

Story acquired from Total Telecom (