Renewable Energy

UK PM candidate Johnson urges tax on global tech giants

Credit: REUTERS/PETER POWELL

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.

YORK, July 4 (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)

((andy.bruce@thomsonreuters.com; +442075423484; Reuters Messaging: andy.bruce.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More