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Boris Johnson proposes taxing FAANGs technology giants

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Christian Fernsby ▼ | July 6, 2019
Boris Johnson, the leading candidate to replace Theresa May as British Prime Minister, said the government had to find a way to tax global technology giants on their income.
Boris Johnson FAANG
Britain   Boris Johnson FAANG
“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.”


 

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