Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form

Mike Ashley Wants To Introduce A New Tax On Online Retailers To Save Town Centers

Posted on December 8, 2018 By Alice Martin No Comments on Mike Ashley Wants To Introduce A New Tax On Online Retailers To Save Town Centers

Mike Ashley, the owner of Sports Direct has asked for the introduction of a new tax on the online retailers so the town centers can revive at a faster pace. He stated that imposing a new tax on all the retailers result in 20% of the total revenue earned from the online platforms and not just the online operators.

He is expecting that the latest tax system will hit his online operation worth £400 million. However, he wants to offer the retailers with enough reasons to continue with their stores. He cleared the air by stating that the mainstream High Street, which doesn’t involve the Westfields and the Oxford streets, is dead. In fact, the scopes of revival are negligible. Therefore, he wants the people to realize that the High Street will never make it up to 2030 unless a radical activity is initiated immediately, which has the potential to turn the wheel of events. He has also requested the landlords, parties, and the government bodies to take a proactive initiative to set the business rates. He believes this step will contribute to saving the High Street. He has also asked assistance from the MPs so the coordination is established successfully and the gap between the perspective and reality is diminished.

The Chief Executive of the British Property Federation, Melanie Leech stated that the revenue earned from taxing the online retailers is not an alternative option to the immediate support enveloped on the business rates reform.

On the other hand, the body representing the retail property sector’s landlords, local authorities, and retailers, Revo has been looking for a revamped taxing system. The Chief Executive of Revo, Ed Cooke also stated that the proposals offered by Mike Ashley are difficult to pass by as the High Street needs a huge shock to revive from the critical condition.

Business, Top Stories

Post navigation

Previous Post: YouTube Is Giving Discounted Music And Premium Subscriptions For Students
Next Post: Nexstar To Buy Tribune Media For $4.1bn

Related Posts

Biologic Drugs Lessen Artery Plaque Build-up In People With Chronic Inflammation Health
Bumble Lets Users To Pay & Keep Them At The Vanguard Of The Match Stack Business
Research States US Leads In Highest Rate Of Drug Overdoses Health
Leading Scientists Call For Prohibition On Broadly Used Insecticides Health
Fitness May Impact Risk Of Colorectal, Lung Cancer And Survival After It Health
Jerome Powell Says “Won’t Resign” Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme