UK finance minister Healey to target online marketplaces in tax crackdown, The Times reports

UK Finance Minister John Healey is set to announce a plan to hold online marketplaces accountable for collecting taxes owed by retailers using their platforms, according to The Times. The proposed measure could generate up to £1 billion ($1.33 billion) for the government, the report indicated. However, the Treasury has not confirmed the details, stating that fiscal decisions are under the purview of Healey. Major online retailers like Amazon, eBay, and Temu have not yet commented on the expected tax crackdown.