The UK government plans to make online marketplaces such as Amazon, eBay and Temu collect VAT directly from business sellers with annual turnover above £90,000 ($119,316), according to The Times. The measure is expected to raise up to £1bn for the Treasury, mainly by targeting overseas sellers accused of avoiding VAT through weak rules and enforcement. The revenue is expected to fund cuts to business rates for high street shops, at an estimated cost of about £880m. Government concern centres on Chinese sellers who, using tens of thousands of UK shell companies, undercut British rivals while avoiding 20% VAT; the report says there is no suggestion the marketplaces acted improperly. Amazon welcomed the plan and estimated it could raise about £700m, while the measures are expected to be set out in the Budget on 28 October.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
AMZN
• NeutralAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/14/2026 | 254.08 |
| Change that session | -1.74% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Amazon Stock to Top $300 in October? Prediction Market Punters Trade the Odds as Morgan Stanley Raises Near-Term Target
Bettors on Polymarket, a prediction market built on the Polygon network, are not fully convinced that Amazon.com Inc. (NASDAQ:AMZN) will reach $300 or higher in October. Their skepticism comes as the company prepares to report its third-quarter financial results.
- Amazon Gets Warrant to Buy $521.4 Million of 3M Stock in Expanded Data Center Partnership: MMM Rises Over 5% After Hours
Amazon expanded its data center partnership with 3M and received a warrant to buy about $521.4 million of 3M stock. 85% of the warrant shares vest based on Amazon's payments for optical connectivity and other data center products, with full vesting once cumulative payments reach $6 billion. 3M issued the warrant to an Amazon subsidiary for up to 3.16 million shares at $164.89 each, exercisable over seven years. Apollo Global Management estimates U.S. hyperscalers could spend $916 billion on capital expenditures over the next 12 months. In after-hours trading, 3M rose 5.43% to $170.80 after closing 1.66% lower at $162.01, while Amazon closed 4.98% higher at $262.45.
- UBS says neocloud sell - off does not derail AI boom , favours hyperscalers and chipmakers
- Trading Day : AI storm abates
- Tech Stocks Power S & P 500 and NASDAQ Higher
Global markets diverged on Monday: a technology-led rally lifted Wall Street, while Europe declined broadly and Asia-Pacific markets were mixed. The NASDAQ Composite jumped 290.85 points (1.11 percent) to 26,430.89, and the S&P 500 rose 31.29 points (0.41 percent) to 7,690.73. The Dow Jones Industrial Average slipped 36.38 points (0.07 percent) to 51,966.03. In Europe, the FTSE 100 fell 1.08 percent and the DAX dropped 1.18 percent, while in Asia the HANG SENG gained 0.52 percent, the Nikkei 225 fell 0.62 percent and the KOSPI jumped 1.76 percent.
- Tech companies need more data centers. So why are nearly half of all planned projects delayed or canceled?
Related markets
Latest news
- FinFET Technology - Global Strategic Business Report Just Released: AI and Data Centers Push FinFET Chip Market Toward $97 Billion
According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.
- The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”
French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.
- President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees
Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.