Why the Government is right to tax the high street
There was shock, horror and outrage today as it was revealed that business rates for Amazon will fall as those for high street retailers rise.
CVS, a company which specialises in estimating rents and rates, tells us that Amazon will pay £148,000 a year less in rates under the pending revaluation – even as high street independents see rises of up to 300 per cent.
The Times ups the stakes by claiming that some others will face 500 per cent rises, even as Asos and Boohoo pay the same as always, or a little less, because their warehouses are Oop North.
From every …read more
Source: CapX
