Web Retailers Should Pay Higher Taxes to Save U.K. Shops: Report
- Odds stacked against brick-and-mortar businesses by rates
- Operating a physical store means paying too much tax: report
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Internet retailers such as Amazon.com Inc., Asos Plc and Boohoo Group Plc should pay higher U.K. taxes to help save ailing shopping districts that are losing revenue to e-commerce, according to a government report.
An online sales tax, higher value-added tax and “green taxes” on shipping and packaging should all be considered to help soften the blow to physical stores as consumers shift to internet shopping, according to the report Thursday from the Housing, Communities and Local Government Committee.