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Former Sainsbury's CEO calls for Amazon to pay fair taxes

Former Sainsbury’s chief executive Justin King has called for authorities to “make Amazon pay a fair share of tax”.

The demand from King follows the news last week that Amazon has paid £2.8m less in UK corporation tax in 2017 compared with the previous year, despite almost doubling its profits.

According to Sky News, King called for business rates to be halved, with lost revenue replaced by a 2% increase in VAT, urging the British tax system to be radically changed to stop online companies having “an unfair advantage”, and being subsidised by the taxes of their rivals.

King added that the government should consider a “delivery tax” on online retailers that “bypass retail space”.

King was in charge of Sainsbury’s for a decade before stepping down in 2014.

 

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