Pay your way – Liberal Democrats seek tax on excess online profits

Oldham’s Liberal Democrat Councillors are proposing a motion to the next full meeting of Oldham Council (Wednesday 24 March) calling on the Government to introduce a new tax on the excess profits generated by online traders during the COVID-19 Lockdown.

The Leader of the Opposition and the Liberal Democrat Group, Councillor Howard Sykes MBE, is proposing the motion, backed by his colleague, Councillor Diane Williamson. Commenting Councillor Sykes said: “It seems singularly unfair that whilst high street businesses have spent the last year suffering under Lockdown, either being entirely closed or under significant restrictions, larger national and international businesses who have benefited from online shopping and home deliveries, and made bumper profits, are not paying their way in terms of taxation.

“The Liberal Democrats believe that the government should introduce an excess profits tax on these bumper profits to raise more revenue to pay for our NHS and other hollowed-out public services. In the past, during both world wars, the government introduced such a tax on war profiteers. For the British people and government, the COVID-19 pandemic has represented the greatest immediate threat we have faced in over seventy years. It has represented a situation akin to a war and those retailers who have most profited from it can afford to pay.”

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