Philip Hammond is considering the introduction of a so-called "Amazon tax" that would impose charges on online retailers in an attempt to rescue Britain's struggling high street.
The Chancellor said taxation needs to be "fair" between traditional retailers and online firms - including negotiating worldwide rules for web retailers. The government legislation is not keeping up with the change in technology.
Mr Hammond's comments come as high street retailers reel under pressure from soaring costs, including business rates.
Mr Paphitis responded: "Taxation as it stands. does not work with the way technology is moving".
"More and more of us are buying online".
Today's £51 million investment for Wales will support innovators across the country to create the technologies of the future and the better, highly-paid jobs we all want to see. "There's going to be less retail, more leisure, bars, community facilities", he said.
House of Fraser was bought out of administration by Mike Ashley's Sports Direct on Friday and is the latest in a long line of well-known names to hit trouble.
Arsenal 0-2 Manchester City: Pep eases past Emery
Guardiola has no doubt Arsenal , who are at the start of a new era under Unai Emery , can prove to be one of the challengers. If it's a 4-3-3 Ozil will play from the right, although won't relish the prospect of tracking back with Benjamin Mendy .
Going into further detail on the potential move, Hammond said that if necessary, the United Kingdom could go ahead with a temporary new tax measure, to help support traditional high street retailers and ensure online etailers, pay a fair share.
"If we can't get worldwide agreement to do this we may have to look at temporary tax measures to rebalance the playing field until we can get global agreements".
"That's certainly something we'd be prepared to consider".
The Chancellor made the announcement during a visit to the West Midlands on the day GDP figures showed the United Kingdom economy has grown by 0.4 per cent.
"Clearly that uncertainty is having a depressing effect on the economy", he said, adding that the Chequers deal for a future relationship was the "best way forward".
Hammond also called for the European Union member states to accept Prime Minister Theresa May's Chequers deal, saying it was a "fair and sensible and pragmatic offer" to the bloc that will allow the government to deliver on the result of the referendum, "taking back control of our borders for immigration, allowing us to develop our own trade policy, ending the sending of large amounts of money to Brussels every year".
"It is by backing innovative British companies to grow and create jobs that we will continue this progress and build an economy fit for the future".
Witness James Omollo said the foreigner got too close to the animal which turned against him, biting him on the chest. A Chinese tourist has died after being bitten in the chest by a hippo he was trying to photograph in Kenya.
Reports suggest that the police have ruled out the possibility of drunken driving and are further investigating the case. Actor Vikram's son Dhruv, who will be making his debut this year, met with an accident early today (August 12).
Wawrinka's victory in just over two hours avenged a 2015 loss to Kyrgios in Canada, when the Swiss had to retire. And 17-year-old Felix Auger-Allissiame made a strong statement in a comfortable 6-4, 6-3 win over Lucas Pouille.
A submission by the Human Rights Watch advocacy group said there were "at least tens of thousands" in political education centres. In her remarks, McDougall said that most of these people have never been properly charged with a crime or tried in court.
Everybody's got their secrets, right?' Riverdale season three is now filming and will premiere in October on The CW. As for the teen versions of Riverdale's other adult characters, most will be portrayed by the core cast.
Last week, some 50,000 Israelis demonstrated in Rabin Square against the bill, in a protest led by the country's Druze minority. Led by a large Arab contingent, the event was marked by a large number of Palestinian flags, and very few Israeli ones.
Manigault Newman served as special assistant to the president, and was tasked with outreach to the African American community. The former White House aide later described Kelly's comments as "very obviously a threat".
Wael Saad, who had been a monk at the monastery, reportedly told prosecutors he used an iron pole to bludgeon the bishop to death. Coptic Christians make up about 10 percent of Egypt's predominantly Sunni Muslim population of 100 million.
This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Palm PVG100 aka Pepito Spotted in Leaked Pics
For now there's obviously no news about a release or the cost and the company has not yet made any statements regarding the leak. According to Android Police, the device is likely to sport a 3.3-inch HD LCD display while running Qualcomm Snapdragon 435 SoC.
Trade Desk Stock Skyrockets on Impressive Q2 Earnings
For its third quarter, the company projects revenue of $116 million, ahead of the $109.2 million that Wall Street forecasts. BidaskClub upgraded Trade Desk from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, June 13th.
Should Arsenal be quietly confident against Man City?
The Armenian worldwide will likely get a start today as Unai Emery will need his players to feed Aubameyang crosses in the match. I think that's something that has always been important for his team, whether he was at PSG or Sevilla.
FxWirePro: Spotlight on RBA's MPS, Aussie dollar and swap rates
The central bank confirmed it has downgraded its 2018 inflation forecast , after flagging the change in Tuesday's rates decision. The latest set of projections confirmed that the RBA still looks set to keep interest rates on hold for the foreseeable future.
Chicken strips recalled due to Listeria risk
Health Canada says the risk is heightened for pregnant women, the elderly and people with weakened immune systems. Washing vegetables and fruits along with proper food handling are some ways to prevent illness from listeria .
Resident Evil 2 Collector’s Edition in Japan is $900
Excluding the keyboard, all of the above is included in the game's standard collector's edition , which is priced at around $240. Capcom and Qwerkytoys have teamed up to create a Resident Evil 2: Remastered Edition themed mechanical keyboard.