British finance minister Rishi Sunak plans to drop a tax on technology companies such as Facebook and Google because it does not raise much money and could hurt a push for a US trade deal, the Mail on Sunday newspaper said.

UK plans to drop 'Facebook tax': local media

Until this year all of Facebook's transactions were booked in Ireland, minimising the social media group's UK tax bill

Facebook reports 11-million-Pound UK tax credit as revenues soar

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facebook tax-revenue

UK plans to drop 'Facebook tax': local media

Facebook reports 11-million-Pound UK tax credit as revenues soar