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They may need to consider reducing their spending or moving cash into more stable investments like money market funds and short-term Treasury securities, The New York Times reported.

The deal would have several American venture capital firms, private equity funds and tech firms invest in a company that would control the app's U.S. operations, CNN reported.

In a brief, unsigned order, it said the plaintiffs did not “refute the Government’s representation that it is unlikely to recover the grant funds once they are disbursed.”

"There is a lack of housing because homes are being hijacked - on the one hand tourist flats, and on the other hand all the empty flats belonging to vulture funds and the banks," he says.

In a decade, the loss in revenue could exceed the funds brought in by the tax.