Tesco CEO calls for online sales tax to level playing field

Source: retailgazette, Tuesday, May 14, 2019

Tesco Chief Executive Dave Lewis has called on the UK government to enforce an online sales tax to help fund the cut in business rates as store closure numbers are ever-growing.

Lewis has called for rates to be cut by a fifth, with the reduction paid for with a 2% ‘targeted levy’ on online retailers’ revenues. The proposed levy would be applied to revenue from online sales, rather than on single transactions so it would be up to retailers whether to pass it on to consumers.