Real Rates Reform Alliance proposes 2% online sales tax to fund 37% cut for physical retailers
Coalition urges Burnham to go further on business rates reform
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Summary
The new Real Rates Reform Alliance wants all online sales taxed at 2% to allow a 37% cut in business rates for bricks and mortar firms. But the Real Rates Reform Alliance said he needs to “go further” as new research lays bare the impact of the property tax, with more than half (55%) of firms saying business rates are now a major or moderate cost to their business and the same proportion are concerned over the impact on their performance.
Cross-referenced from 5 sources.
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The new Real Rates Reform Alliance wants all online sales taxed at 2% to allow a 37% cut in business rates for bricks and mortar firms
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But the Real Rates Reform Alliance said he needs to “go further” as new research lays bare the impact of the property tax, with more than half (55%) of firms saying business rates are now a major or moderate cost to their business and the same proportion are concerned over the impact on their performance.
according to The Independent
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The new Real Rates Reform Alliance wants all online sales taxed at 2% to allow a 37% cut in business rates for bricks and mortar firms
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