that vaccine so they want people to do that. almost using the stick, the threat that. almost using the stick, the threat of that. almost using the stick, the threat of if that. almost using the stick, the threat of if you don t do that that we might threat of if you don t do that that we might have to go towards restrictions. this is clearly a very positive restrictions. this is clearly a very positive interview from sunak in terms positive interview from sunak in terms of positive interview from sunak in terms of saying the economy is a prioritv terms of saying the economy is a priority. very interesting how sage is a work priority. very interesting how sage is a work from home would probably be the is a work from home would probably be the most effective of the measures if plan b were to be implemented. i think perhaps heading towards implemented. i think perhaps heading towards that but clearly lockdown measures, closing shops, restaurants that is measures, closi
reflects new realities . of the global economy. governments need more money and we are all aware of these i stories of amazon and apple and starbucks sending - their money to places . where they re not doing business, where theyj can pay lower taxes places like panama and bermuda, luxembourg, the netherlands, i ireland. and of course it is tax . avoidance, on a technical level. for us as consumers, and as taxpayers in the uk see, on the high streets and main i streets in the us and elsewhere closing down their shops . because amazon has taken the business away, this - is revenue that s being lost and the taxation goes - with those closing shops. they need to recover, - it needs to come back in real dollars that can be sent to support governmentl infrastructure, government operations and building - a future. simon, how does this,
governments need more money and we are all aware of these i stories of amazon and apple and starbucks sending - their money to places . where they re not doing business, where theyj can pay lower taxes places like panama and | bermuda, luxembourg, the netherlands, ireland. and of course - it is tax avoidance, on a technical level. for us as consumers, and as taxpayers in the uk see, on the high streets and main i streets in the us and elsewhere closing down their shops . because amazon has taken the business away, this - is revenue that s being lost and the taxation goes - with those closing shops. they need to recover, - it needs to come back in real dollars that can be sent to support governmentl infrastructure, government operations and building - a future. simon, how does this, in terms of the implementation,
and of course - it is tax avoidance, on a technical level. for us as consumers, and as taxpayers in the uk see, on the high streets and main i streets in the us and elsewhere closing down their shops . because amazon has taken the business away, this - is revenue that s being lost and the taxation goes - with those closing shops. they need to recover, - it needs to come back in real dollars that can be sent to support governmentl infrastructure, government operations and building - a future. simon, how does this, in terms of the implementation, deal with something that all treasuries rely on, which is exemptions often created as incentives to encourage companies to locate in a particular part of the country and we do a lot of it in the uk, make new research investment?
and elsewhere closing down their shops because amazon has taken the business away, - this is revenue that is being lost and the taxation goes with those closing shops. they need to recover, - it needs to come back in real dollars that could be sent to support government i infrastructure, government - operations and building a future. simon, how does this in terms of the implementation deal with something that all treasuries rely on, which is exemptions often created as incentives to encourage companies to locate in a particular part of the country and we do a lot of it in the uk, make new research investment but not to be negotiated, that is the fine detail. is that where this could all end up being not as substantial as they hope? it could get messy in a number of ways. it looks like we are getting towards an exemption for financial services. take a takea bank like take a bank like hsbc, headquartered in the uk in london, does most of its business in asia.