Amazon is facing a backlash after it announced plans to hit small businesses that sell items on its website with higher fees to absorb a new digital tax in the UK.
Read the full article on the This is Money website
NAM Implications:
- Lockdown has a price.
- Taxes will be the means of paying.
- Where possible the vendor will pass on any sales tax.
- In the case of a digital sales tax, this will result in price increases.
- Making the online version marginally less appealing to the consumer.
- Thereby causing a degree of business drift to other channels to rebalance demand…
- As night follows day…
