By John Glenday

UK chancellor Phillip Hammond is actively considering the implementation of a digital tax as part of efforts to level the playing field with bricks and mortar retail stores, which must pay high business rates.

British High Street’s have been decimated in recent years by a migration of customers online as physical outlets struggle to match prices with their online competitors who do not carry the same overheads.

Addressing the issue directly Hammond said he would ‘find a better way of taxing the digital economy’ in response to increasingly vociferous protests from retailers.

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Source: The Drum