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UK PM candidate Johnson urges tax on global tech giants

Published 07/04/2019, 03:15 PM
Updated 07/04/2019, 03:21 PM
UK PM candidate Johnson urges tax on global tech giants
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YORK (Reuters) - Boris Johnson, the leading candidate to replace Theresa May as British Prime Minister, said on Thursday the government had to find a way to tax global technology giants on their income.

"I think it's deeply unfair that high street businesses are paying tax through the nose... whereas the internet giants, the FAANGs -- Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Google (NASDAQ:GOOGL) -- are paying virtually nothing," Johnson said at a leadership hustings event in York, northern England.

"We've got to find a way of taxing the internet giants on their income, because at the moment it is simply unfair."

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