Profits from the Corona pandemic in Britain in a confrontation with the government

February 07, 2021
Profits from the Corona pandemic in Britain in a confrontation with the government Profits from the Corona pandemic in Britain in a confrontation with the government

Dubai United Arab Emirates:- Profit from the Corona pandemic will find themselves in a confrontation with the government after the taxes they will pay, as discussions are underway to formulate plans to impose a one-off tax on "exceptional profits".

Taxes will be imposed on retailers and technology companies that have increased their profits during the Corona pandemic.

It is unlikely that the British Finance Minister, Rishi Sunak, will disclose these taxes when the budget is announced on the third of March 2021, but it may be announced in the second half of the year, according to what was reported in the "Sunday Times" newspaper.

After annual government borrowing on the way to becoming the highest since World War II, Rishi Sunak is facing pressure within his party, the Conservative Party, to prove that spending is under control when he presents the new budget, as January 2021 data showed that public borrowing has reached since the start of the fiscal year in April 2020. A record high, at 271 billion pounds (about 370 billion dollars), according to "Reuters".

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