U.K. Digital Services Tax Proposal Advances in Parliament

The U.K.’s House of Commons approved a digital services tax proposal Thursday as part of the finance bill for 2019-20.

The measure requires that tech giants such as Facebook Inc. and Amazon.com Inc. pay a 2% tax on their U.K. digital revenue. The tax would be temporary and subject to a review in 2025, said Jesse Norman, financial secretary to the Treasury.

• Approval comes despite the possibility the measure could heat up trade tensions with the U.S., which says the tax unfairly targets its giant tech companies.
• The Organization for Economic Cooperation ...