Amazon could see its tax bill jump by £29m next year as a result of changes to business rates that is set to hit warehouses and online retailers the hardest.
The online retail giant is likely to be among the companies facing big tax hikes in the UK following the Chancellor’s Autumn Statement, according to new analysis from property adviser Altus Group.
Meanwhile, flagship department stores and hotels could shave millions off their tax bills as bricks and mortar retailers receive greater support.
