Politics
Rishi Sunak is right to target massive profits of Amazon and other online giants
RISHI SUNAK is absolutely right to target the massive profits of Amazon and other online giants.
The Chancellor aims to rally world finance ministers at the G7 summit to increase tax on mega companies whose online profits soared in the pandemic.
The Chancellor is right to target giant but must resist calls for more tax hikes for ordinary businesses and consumers[/caption]
Amazon’s sales in Britain leapt by 51 per cent last year to £19.5billion as lockdown-hit shoppers switched to home deliveries.
But its corporation tax bill is ludicrously small — just £14.5million in 2019. The Chancellor must squeeze such multi-billion pound multinationals if we are to whittle down our vast national debt.
But Rishi’s plans to unveil 29 other tax proposals later this month are deeply concerning.
The tax burden shouldered by workers is on course to be the highest since the 1960s. Soaring Council Tax bills are already landing on doormats across Britain. The Chancellor must resist calls for more tax hikes for ordinary businesses and consumers just when we need to stimulate spending to generate jobs and growth.
Some lucky Britons are sitting on healthy nest eggs built up in lockdown. They are ready to turbocharge the economy with a spree as we move to freedom.
But a mountain of new taxes would bury the recovery before it has begun.
Royals… but no class
TWO versions of the Royal Family will appear on TV screens over the next 24 hours.
This afternoon viewers will see the Queen, Prince Charles, William and Kate marking Commonwealth Day.
Just hours after the Royal Family marking Commonwealth Day, the Oprah circus with Meghan and Harry will be aired[/caption]
Just hours later the Oprah Winfrey circus will be aired as Meghan and Harry sit down for a chat with their billionaire pal.
The contrast could not be clearer — stoic royal duty embodied by the monarch or an increasingly self-obsessed Californian couple unable to control their emotions.
Oprah is said to have been paid about £6.5million by the American channel CBS for the right to screen the interview.
ITV will charge about £150,000 per advert when it broadcasts the show tomorrow.
But Harry and Meghan should remember one thing — money can never buy class.
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School of mum & dad
TOMORROW, at last, mums and dads across Britain will breathe a huge sigh of relief.
Over the most difficult winter most of us can ever remember they had to do a million tasks for their locked-down kids.
So a huge hand to parents who have done such a fantastic job of looking after little ones while schools were closed.
You all deserve a grade A for effort.
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