Call for tax on social media businesses

A group of MPs has called on the government to tax the profits of social media businesses.

A group of MPs has called on the government to tax the profits of social media businesses.

The All Party Parliamentary Group (APPG) on Social Media and Young People's Mental Health and Wellbeing recently published a report which outlined the impact of social media on the health of young people.

The APPG has suggested creating a Social Media Health Alliance, which would be funded by a 0.5% tax on the profits of social media companies. MPs hope that the money would be used to fund research and help 'draw up clearer guidance' on the impact of social media on health and wellbeing.


© 2024 Stables Thompson & Briscoe Ltd. All rights reserved.

Registered in England | Company number 6329610 | Registered office: 87 Hayclose Crescent Kendal LA9 7NT
We use cookies on this website, you can find more information about cookies here.