June 6, 2019 / 9:32 PM / 2 months ago

UK PM candidate Hancock vows tax cut for small retailers funded by new Amazon tax -The Telegraph

June 6 (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 here on Thursday.

Hancock announced a 1.5 billion pound-a-year pledge ($634.70 million) 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. ($1 = 0.7878 pound) (- Reporting by Sabahatjahan Contractor in Bengaluru)

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