MercoPress. South Atlantic News Agency

Boris Johnson proposes taxing technology giants

Internet giants: “FAANGs - Facebook, Amazon, Netflix and Google - are paying virtually nothing,” Johnson said at a leadership hustings event in York

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.”