Twitter Inc. and Facebook Inc. may face a new tax in the U.K. should Prime Minister Theresa May’s Conservatives get re-elected as polls suggest on June 8.
The Tories promised Thursday to introduce a law that would allow the government to impose a levy on social-media companies and communication service providers, to fund measures aimed at making the internet safer for young people. Internet providers like BT Group Plc won’t be affected, a Conservative campaign spokesman said.
https://www.bloomberg.com/news/articles/2017-05-18/u-k-s-may-opens-door-to-facebook-tax-in-push-for-web-security