U.K. Election in December Puts Digital Services Tax on Hold

A December election in the U.K. will mean that the government’s draft finance bill, which includes a proposal to tax digital giants, will be shelved.

• The finance bill for 2019-20 proposed a 2% tax on the digital revenue of companies such as Facebook Inc. and Amazon.com Inc.
• The House of Commons voted Oct. 29 438 to 20 on a bill calling for an early election on Dec. 12.
• The measure now heads to the House of Lords for a vote. The upper chamber typically follows the view of the lower one, meaning that an early general ...