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New e-commerce taxes might help refill government coffers, but the knock-on effects are a lot more complicated


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Summary:
The UK Government looks set to impose an online delivery tax on retailers to try to refill its COVID-wracked coffers, but it s a plan that could do more long term harm than good.
When the national debt has soared over £2 trillion and the budget deficit is set to hit £400 billion this year, inevitably government thoughts are going to turn to how to pay this off - and who gets landed with the bill. In the case of the UK, there’s a good chance that will, in part, be the e-commerce sector, an easy target to hit, albeit a move that could have unintended consequences.   ....

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Rishi Sunak issued online sales tax warning amid 'Amazon tax' speculation | Personal Finance | Finance


| UPDATED: 15:11, Wed, Feb 17, 2021
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The details of Rishi Sunak s second Budget as Chancellor are yet to be announced, but there s been no shortage of speculation about what could be on the cards. Tax changes are expected by many, and there have been some suggestions from experts that this could include an online sales tax. ....

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