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Chief executive of Tesco calls for an Amazon tax on net sales.

via:CnBeta     time:2018/10/8 9:07:05     readed:207

"The tax burden has reached the point where the enterprise is bankrupt. Has the government considered what happens when retail recession starts and if unemployment starts to matter? Lewis said that it is time to shift the burden of increasing national income from the chain of stores.

At last week's Conservative Party meeting, Hammond acknowledged that it was time for the government to tax Internet companies like Amazon and Google. "The global Internet giants must fairly fund our public services," he said.

Hammond said the best way to tax multinationals is through a global agreement, but added: "The conversation is over and the delays must stop." If we fail to reach an agreement, Britain will use its own digital service tax alone. "

The government has previously said it is considering taxing the revenues of Internet companies such as Facebook and Google until international tax rules are changed to deal with the potential transfer of sales and profits between different jurisdictions by digital companies.

A series of notable retail failures have occurred this year, including House of Fraser, Maplin and Toy R Us, and well-known brands such as Martha's, Caright and Moroccare have announced the closure of hundreds of stores.

Lewis says traditional retailers are caught in the midst of cost, tax, wage increases and fierce competition from online companies. Last year's revaluation of commercial interest rates added 226 million pounds to the burden on the retail sector, the last straw for some retailers.



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