Tesco has called for a 2% online sales tax to help fund a 20% business rates cut.
The grocer said that the current system was damaging to UK communities and businesses and suggested that an online tax could take pressure off high streets being adversely affected by business rates.
In written evidence to the Treasury select committee which is investigating possible changes to business rates, Tesco, which pays around £700m a year in business rates, said that the government could make £1.5bn by establishing an online sales tax, which would not include small businesses. It suggested that the government use that resource to facilitate a 20% cut to current rates.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.