• Forbes reports that “Tesco CFO Alan Stewart has set a letter to the C-suite leaders of rival bricks-and-mortar retailers, drumming up support for an online sales tax.” Stewart reportedly “sent the letter to the senior leadership of at least three major supermarket chains in the UK.”
According to the story, Tesco CEO Dave Lewis “wants the Government to cut business rates – a UK tax on non-domestic property - by 20%. Stewart’s letter also suggests the government make up the shortfall with a 2% levy on all online retail sales.”
According to the story, Tesco CEO Dave Lewis “wants the Government to cut business rates – a UK tax on non-domestic property - by 20%. Stewart’s letter also suggests the government make up the shortfall with a 2% levy on all online retail sales.”
- KC's View:
