[Sephiroth]

Originally Posted by jfman

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Businesses going under presents an opportunity though - oversupply of retail space should see the price fall, and business rates will reduce to encourage this. Time to make the Amazons of this world pay their fair share in taxes and get a better balance.

Interesting point. There's very much of a last man standing situation on here. I can imagine John Lewis and hopefully M&S coming out of this and into a somewhat new regime of rents and rates. Also supermarket chains. The likes of Amazon will mop up a huge amount of business and, of course, have no excuse for not paying full taxes.

The Guvmin can do their bit by properly codifying the tax regime and in particular not allowing royalty payments to tax haven companies within companies of the same group, no matter how opaque.