Reform of tax system could help retailers survive, says Yorkshire businessman

 

 

October 29, 2020

Andrew Campbell 

 

The UK retailers are to be easier to get through the pandemic with a US-like purchase tax system, according to Yorkshire entrepreneur, Andrew Mear.

 

The physical retailers have suffered from the threat of online shopping and increasing rent, electronic fees, etc. Therefore a reformingtax system will help them to reach the similar start that online shopping taxation will be imposed based on buyers’ living areas, not where the company is.

 

Moreover, due to the pandemic overseas travels are not recommended.  UK local attractions welcome more domestic tourists than before. The retailers located in “high streets,” that is the main street in town with shops and businesses, now can count on the tourists to boost the success again, concluded Mr. Mear.

 

 

Photo:Webshot.

source: 
Global People Daily News