‘Amazon tax’ to save Britain’s high streets under consideration by Reeves
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chancellor Rachel Reeves is considering a tax hike for online retail giants like Amazon in an effort to level the playing field for high street competitors. Ms Reeves, who will unveil her maiden Budget next week, is thought to be considering a wider review of Britain’s patchwork of complex property taxes, with an increase in business rates for internet shops being one possibility, although any tax rise could hit online prices. “Of retail’s £33bn total tax bill, one-fifth is made up of business rates – with the industry paying double that of any other sector. The Conservative government consulted with the industry in 2021 on introducing an online sales tax but ruled the move out a year later, saying it would be “complex, distortive, and would not raise sufficient revenue”.
History of this topic
Reeves plots ‘Amazon tax’ to prop up struggling high street
The Telegraph
Business rates system ‘no longer fit for purpose’ says Sainsbury’s boss
The Independent
Almost £14bn business rates relief welcomed as online sales tax scrapped
The Independent
High street braced for £3bn rise in business rates bill
The Telegraph
Online clothing sales to overtake high street stores next year
The Telegraph
Treasury urged to tighten up Digital Services Tax on Amazon
The Telegraph
Why Britain’s tech tax is the first step in the digital crackdown
The Telegraph
If you think a new ‘Amazon tax’ will save the high street, think again
The Independent)
Facebook, Amazon and Google call French digital tax discriminatory and retroactive
Firstpost
Amazon to pass along costs of France’s ‘digital services tax’
CNNDiscover Related
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