The UK is considering an online sales tax to raise $2.5 billion and level the playing-field for high-street businesses, according to a report

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• The UK Chancellor Rishi Sunak is reportedly considering an online sales tax, as concerns grow around the collapse of British high-street retail. 
• The online sales tax could consist of two parts — a 2% charge on goods sold online, and a mandatory charge on consumer deliveries.
• The tax could be a "sustainable and meaningful revenue source for the government," the UK Treasury said.
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The UK Chancellor Rishi Sunak is reportedly considering an online sales tax to save high-street businesses and raise more than $2.5 billion (£2 billion) a year for the UK government.

The Times reports that the online sales tax would comprise two parts. First, a levy of around 2% on goods sold online, and second, a mandatory charge on customer deliveries, which could also help cut carbon emissions. 

See the rest of the story at Business Insider

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