The shares of Asos, Boohoo, and Ocado reportedly dropped on Monday after reports of a double tax on companies that have profited from the coronavirus pandemic.
According to The Sunday Times, Amazon and other businesses that have benefitted from the crisis could face a “double tax raid” under new government plans.
Based on leaked emails, the newspaper revealed that treasury officials have summoned tech companies and retailers to a meeting this month, ahead of the UK budget in March, to talk about how an online sales tax would operate.
It said that The Downing Street policy unit is also working up proposals for an “excessive profits tax” on businesses that saw profits increase significantly because of the pandemic.
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Supermicro and NVIDIA’s AI Solution for Retailers
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
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