alt Hacker NewsIsn't it like that everywhere? And I suspect the recipe is pretty much the same:
Local business owners are taxed to death.
Meanwhile, multinationals with HQs in tax havens roll in and set up national branches. The local branches pay their HQs for imaginary "services" and "rights", allowing them to operate practically tax-free in the country.
Good luck staying open little guy. We're lucky we still have vape shops and nail parlours.
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I don't really think the issue is taxes. The fact the more and more, the default buying habit is to buy on the internet means there is less and less viable business with a brick and mortar shop where you have to pay rent. The U.K is not an exception. In France, Spain, Portugal, I have seen the same things : Either you are a business that sells services, fast food or anything else that is either hardly movable on the internet, or has a significant advantage being able to buy things right away (vape for example, like tobacco shop, you don't want to wait tomorrow to have your nicotine fix), or you die off.
It's also a vicious circle : Because there is less and less physical shop selling specific goods, you have to turn to the internet, which mean local businesses get less traffic and die off. If you have any slightly niche hobby and do not live in a major metropolis, you are SoL. As an example, I would have to go 200km away to buy raw leather and leatherwork tools despite living in one of the biggest city in my country.
> Local business owners are taxed to death.
And the ones left aren’t paying taxes, or wages.
It's massive corruption at HMRC. You cannot explain it otherwise.
I don't think it's taxes so much as compliance cost of setting up and running a location. BigCo can hire specialists to figure out "ackshually no this is why my site plan is compliant than you very much" and hire them at cost whereas the local guy has to get kicked in this dick by some hired engineering firm's or law firm's profit margin for the same service aaaand gets a worse service on top because the local business who wants to keep doing business there can't fight for their client like some guy in an office at BigCo can.
Even if you control for the Amazon factor or the Walmart factor by looking at services, the bulk of these "successful" businesses are either chains or owned by a bigger corperate entity that can do kind of the same thing.
> multinationals
To be specific, Amazon (its business model) killed small* goods shops in city centers.
The only businesses still open are services (food/restaurants, health, etc). Because those need you to actually bring your own body near the bodies of others.
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*: and big, see the Galerie Lafayette/BHV struggles in Paris, they sell items that can largely be delivered in 2 days buying directly from the brand or from Amazon