Government reported to be working on “excessive profits tax” for online giants after coronavirus windfall

Government reported to be working on “excessive profits tax” for online giants after coronavirus windfall

Downing Street working on two taxes for retail and tech firms, according to The Sunday Times. Retailers that saw business boom during pandemic may be faced with one-off tax charge. Online sales tax measures likely to be announced by the Treasury in autumn.

Feature Resource

It’s time to get retail transformation-ready with the help of TalkTalk...

You don’t need us to tell you that the retail world has undergone some pretty major shifts recently, particularly during and in the aftermath...