Chancellor Sajid Javid states in a panel.........>

UK: Chancellor Sajid Javid states in a panel discussion at WEF in Davos that the

UK gov't plans to go ahead with the imposition of a "digital tax" from April.

- Levy will place a tax of 2% on UK revenues of search engines, online

marketplaces, and social media firms. 

- This could prove disruptive for the prospect of a swift UK-US trade deal after

it leaves the EU, given the US' hardline stance towards France when it wanted to

implement its own digital services tax. 

- Javid warned off digital tax in April by former chancellor George Osborne and

Sec Gen of OECD Angel Gurria. Latter says risk of "cacophony and a mess" of

multiple countries implementing their own digital tax, rather than an

international agreement.