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The UK has been told to "hold fire" on a new tax on big technology firms planned for April. The OECD said that there needs to be a global agreement on technology company tax. Without such an agreement, there would be the risk of "a cacophony" with countries going their own way. The warning came as France agreed to delay a new tax on multinational technology firms after an angry response from Washington. The organisation charged with brokering a global compromise on an issue threatening a transatlantic trade war has said the UK should hold fire on its digital sales tax. As the Chancellor of the Exchequer arrived at the World Economic Forum in Davos, the Organisation for Economic Cooperatio... Full story

22 January