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United Kingdom: Proposed tax on companies profiting from the new crown pneumonia epidemic

The British "Sunday Times" reported on February 7 that the British government intends to impose taxes on retailers and technology companies whose profits have soared during the new crown epidemic. At present, relevant plans are under discussion.


According to reports, the British government has convened a number of companies to discuss how to levy online business tax. At the same time, a one-time "excess profit tax" plan is also being formulated. The report pointed out that related taxation plans may be announced in the second half of 2021.


During the epidemic, Amazon’s sales in the UK skyrocketed. Last year it soared 51% to 19.5 billion pounds, but it paid relatively little tax. In addition to Amazon, delivery company Ocado, food delivery platform Just Eat, and clothing retailer Asos have also profited during the epidemic. once the tax policy is implemented, Amazon may become the first online retailer to be affected.

 
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