Tag: High Street

An online sales tax would be more trouble than it is worth

The UK government has been consulting on the concept of an ‘online sales tax’, or OST, which could raise £1-2 billion annually to help pay for a reduction in business rates for physical retailers. I submitted a response to the consultation, which is available here... ost-consultation-response-20-may-2022-julian-jessopDownload

The pros and (mostly) cons of an online sales tax

The Sunday Times has reported that UK officials are mulling two new taxes on digital businesses – an online sales tax and an ‘excess profits tax’ – in order to help fill the hole in the public finances and support the High Street. In my view, both are bad ideas. In general, economists quite like … Continue reading The pros and (mostly) cons of an online sales tax