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My noble friend the Minister might want to read the CEBR report again, because it is based on Global Blue’s research and those assumptions have been verified. However, will she consider focusing on high-spending visitors? Twenty per cent of users are responsible for around 50% of all tax-free shopping, and the highest 1% of spenders spend an average of £60,000, saving themselves £12,000....
To ask Her Majesty’s Government what steps they are planning to take (1) to protect third party sellers from the dominance of Amazon, and (2) to ensure that Amazon does not benefit from passing on the costs of the Digital Services Tax to sellers.
My Lords, I appreciate that the DST was always intended as a stopgap while the OECD comes up with a more global solution, possibly imminently. But it was brought in with the background of Amazon paying just £4.6 million in corporation tax in 2017. The DST does not achieve its objective of yielding more revenue from the likes of Amazon, as it is simply passed on to its suppliers in the...
Entered the House of Lords on 17 October 2013
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