
Burnham’s business rates plan to boost high street ‘could cost around £880m’
Burnham’s business rates plan to boost high street ‘could cost around £880m’.
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Summary
Burnham’s business rates plan to boost high street ‘could cost around £880m’. Forecasts by global tax firm Ryan suggest the policy could lift more than 140,000 additional small premises out of paying business rates altogether. The frontrunner to become prime minister this summer has indicated that he plans to cover the cost through higher property taxes for large warehouses, particularly targeting online giants such as Amazon.
Furthermore, However, many small businesses, particularly in the retail, hospitality and leisure sectors, are facing significant increases in tax payments over the next three years.
Cross-referenced from 6 sources.
Factual coreconfirmed by several independent voices
Burnham’s business rates plan to boost high street ‘could cost around £880m’.
reliability low1/6 sourcesForecasts by global tax firm Ryan suggest the policy could lift more than 140,000 additional small premises out of paying business rates altogether.
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The frontrunner to become prime minister this summer has indicated that he plans to cover the cost through higher property taxes for large warehouses, particularly targeting online giants such as Amazon.
according to The IndependentHowever, many small businesses, particularly in the retail, hospitality and leisure sectors, are facing significant increases in tax payments over the next three years.
according to The Independent
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Forecasts by global tax firm Ryan suggest the policy could lift more than 140,000 additional small premises out of paying business rates…
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