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Tesco Tax 'could cost NI jobs'.

Byline: MIRROR REPORTER

A SO-CALLED "Tesco Tax" on large retailers is introduced in Northern Ireland today.

The levy to subsidise rate relief for small businesses has been criticised by Sainsbury's chief executive Justin King arguing that it unfairly targets the supermarket sector and could cost jobs.

However, Finance Minister Sammy Wilson said it was a significant milestone which would help people struggling in the harsh economic climate.

The charge will affect 76 large shops and raise pounds 5million to fund a rates cut for small shops.

The levy will be at a rate of 15%, not 20% as first planned.

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Publication:Sunday Mirror (London, England)
Date:Apr 1, 2012
Words:105
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