Amazon com : PM candidate Hancock vows tax cut for small retailers funded by new Amazon tax - The Telegraph
June 06, 2019 at 05:37 pm EDT
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(Reuters) - British health minister Matt Hancock, who is a candidate for prime minister, has vowed to "level the playing field" by scrapping the business rates for small retailers while hitting tech giants with the new Amazon tax, The Telegraph reported on Thursday.
Hancock announced a 1.5 billion pound-a-year pledge as a part of his leadership campaign, which would exempt many businesses from the levy, adding that he would increase the new digital services tax, the Telegraph reported.
(- Reporting by Sabahatjahan Contractor in Bengaluru)
Amazon.com, Inc. is one of the world leaders in on-line distribution of products to the general public. The group also operates a marketplace activity, allowing individuals and distribution companies to conduct their purchase and selling transactions for goods and services. The activity is organized around three families of products and services:
- electronic and computer products: toys, cameras, computers, laptops and peripherals, TVs, stereo systems, readers, wireless communication products, etc. Amazon.com also offers kitchen and garden equipment, clothing, beauty products, etc.;
- cultural products: books, musical products, video games and DVDs;
- other: primarily Internet interface and application development services.
Net sales break down by source of income between sales of services (55.5%) and sales of products (44.5%).
Net sales are distributed geographically as follows: the United States (68.8%), Germany (6.5%), the United Kingdom (5.9%), Japan (4.5%), and other (14.3%).
AMAZON.COM, INC. 
