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PM candidate Johnson urges tax on global tech giants

PM candidate Johnson urges tax on global tech giants
Boris Johnson, a leadership candidate for Britain's Conservative Party, attends a hustings event in York, Britain, July 4, 2019. REUTERS/Peter Powell -
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PETER POWELL(Reuters)
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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, Amazon, Netflix and Google — 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.”

(Reporting by Andrew MacAskill, writing by Andy Bruce)

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