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UK Takes on Big Tech with Potential Global 'Amazon Tax'


8 Mar 2021
British Chancellor of the Exchequer Rishi Sunak is planning on marshalling a global effort among industrialised nations to introduce a so-called ‘Amazon tax’ in response to online companies reaping the rewards of restrictions on small businesses during the pandemic.
The Chancellor is looking to come to an agreement among nations on how to implement a global tax on online companies before the G7 meeting in Cornwall this June.
Implementing such a tax would require global cooperation, as the company is currently taxed under international treaties through the Organisation for Economic Co-operation and Development (OECD).
Sunak has already spoken about the issue with United States Treasury Secretary Janet Yellin, who is said to have expressed “openness” to the idea of implementing an Amazon tax.

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UK Takes on Big Tech with Potential Global 'Amazon Tax'

UK Takes on Big Tech with Potential Global 'Amazon Tax'
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Rishi Sunak pushes for tech giants to pay more taxes to rebuild economy | UK | News

CHANCELLOR Rishi Sunak is spearheading an international effort to make tech giants pay more tax. As he steps up the rebuilding of Britain's economy, he hopes to have a global pact in place by summer.

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Rishi Sunak poised to agree 'Amazon tax' after talks with US

Rishi Sunak poised to agree 'Amazon tax' after talks with US
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