Why is Rishi Sunak trying to make the cost of living crisis WORSE?

Online shopper: well, no. He was actually taking part in an online question and answer session. But it’s reasonable to expect Rishi Sunak to do SOME shopping on the Internet, isn’t it?

There’s a lack of joined-up thinking here.

Rishi Sunak has been trying to float the idea of a tax on online retailers, to fund a cut in business rates for High Street businesses.

But those very firms have contacted that Chancellor to point out that such a tax would hit them as well – they have websites too.

In a letter to Sunak, dated May 27, the companies and industry groups involved stated: “We believe an OST would… hurt – not help – the high street, and stifle retail innovation and investment.

“The burden of business rates on retail is too high and needs reforming, but an additional tax on a sector that is already overtaxed is not the answer.

“Retailers would have little choice but to pass on an OST to consumers in the form of higher prices thereby fuelling inflation,” they state. The burden “is likely to fall heaviest” on groups including “people on lower incomes”.

Perhaps This Writer is missing the point, but wouldn’t it be logical to use the tax system in order to achieve the required effect?

So perhaps a reduction in business rates paid by firms that have physical shops, in tandem with the introduction of a levy on online retailers would hit the right spot?

The problem here is that Sunak is not intelligent enough to find a nuanced way forward.

Asking him to find answers to these problems is like asking a surgeon to operate while wearing boxing gloves.

Source: Rishi Sunak’s online sales tax will hurt the high street, retailers warn

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