Ocado boss Tim Steiner unimpressed with idea of new digital taxes but his company will fly regardless

The firm is reaping the rewards of its impressive record when it comes to business investment, writes James Moore

Ocado’s sales have boomed through the course of the pandemic (Reuters)

With digital sales and excess profits taxes actively under consideration, Ocado boss Tim Steiner had some thoughts as he presented the group’s final results. As you might expect, the leader of this rare London-listed tech star made it clear that he isn’t a fan of either. 

Steiner described the idea of a pandemic related excess profits levy as “inappropriate”.

“People who make profits generate taxes. So if you make more profits you generate more taxes,” he said.