Retail Businesses (Taxation)

Part of the debate – in the Scottish Parliament on 3rd December 2020.

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Photo of Mr Mark Ruskell Mr Mark Ruskell Green

Yesterday’s announcement by Tesco that it will voluntarily repay £585 million of rates relief has been warmly welcomed. However, Tesco is only one of several mega-retailers that have benefited during the pandemic. What discussions will take place with other large retailers about similar voluntary measures? Is the Scottish Government able to ring fence those repaid reliefs in order to support smaller high street retailers? What discussions will the Government have with the UK Government on the possibility of an additional windfall tax, through the corporation tax scheme, for companies that have made astronomical profits during the pandemic?