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 Econo...