UK Considers Online Retail Tax to Support High Street Revival

Chancellor Rachel Reeves is exploring a tax increase on online giants like Amazon to level the playing field for brick-and-mortar stores.

Rachel Reeves plans to unveil potential tax reforms in her upcoming budget, targeting online retailers to aid struggling high street businesses.
The proposed changes aim to adjust business rates, which currently disadvantage physical stores due to higher property values.
An online sales tax is being considered to ensure e-commerce companies contribute fairly, though previous attempts were deemed complex and unworkable.
Industry leaders caution against simply shifting tax burdens within the retail sector, urging broader reform to avoid harming investment.
Amazon, a major player in the UK market, emphasizes its significant tax contributions and plans for future investment in the country.