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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo and Kiran Stacey

X stands to benefit if UK pulls digital services tax in trade deal with US

According to X’s last published results for its UK operations, the company made revenues of £205m, putting it in line to pay the tax
According to X’s last published results for its UK operations, the company made revenues of £205m, putting it in line to pay the tax. Photograph: Jakub Porzycki/NurPhoto/REX/Shutterstock

Elon Musk’s X stands to benefit financially if the government pulls an £800m tax on US tech firms as part of an economic deal with Donald Trump, as a prominent tax campaigner indicated the social media platform qualifies for the levy.

Dan Neidle, the head of the non-profit organisation Tax Policy Associates, said the social media platform was eligible for the digital services tax, which is on the block in negotiations between the US and the UK.

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